In China’s hyper-competitive electric vehicle market, a company usually needs more than just a new model for a stock price boost. Intensifying price wars and an economic slowdown have fuelled pessimism about the sector’s outlook.
Yet when China’s largest smartphone maker launched its new car, shares rose 15 per cent — with good reason.
At first glance, the optimism around the launch of Xiaomi’s SU7 electric car is surprising: Xiaomi would be losing money on its basic model. The SU7, which has a starting price of $29,800, is priced about $4,000 less than Tesla’s Model 3.
您已阅读25%（574字），剩余75%（1757字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。