The electric car makes Xiaomi fly, it is worth more than GM and Ford. Xiaomi is racing on the stock market in the wake of last week's presentation of its first electric sports vehicle SU7.
The Beijing-based company added about $7.6 billion to its stock market value as its shares hit their highest since January 2022. The Chinese company derives most of its $37.5 billion in revenue from smartphones, higher than traditional U.S. automakers General Motors and Ford, respectively, at $52. 4 and 53.1 billion.