Xiaomi Shares Climb in Hong Kong as October EV Deliveries Top 50,000
Shares of Xiaomi rose approximately 6% in Hong Kong after the company delivered more than 50,000 electric vehicles in October.
Shares of Chinese tech giant Xiaomi surged on the Hong Kong stock exchange, Investing.com and financial news outlet BigGo Finance reported. The rally followed the company's announcement that its electric vehicle deliveries exceeded the 50,000-unit threshold in October.
According to BigGo Finance, Xiaomi's shares climbed roughly 6% during trading. The delivery figures reflect the electronics maker's continued rapid expansion into the competitive electric vehicle market.
Further details regarding the sales breakdown and the company's next targets have not yet been released.
Sources: Investing.com, BigGo Finance
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