Shares of Xiaomi Corp climbed the most in three months after the Chinese electric vehicle manufacturer announced robust order figures for its SkyNomad model.
The stock surged as much as 7.86% in Hong Kong after the company revealed that the model amassed over 70,000 orders within its first month on the market.
Xiaomi Corp shares have faced difficulties this year as the firm dealt with escalating raw material expenses and fierce domestic competition, while uncertainty mounted regarding its capacity to meet its yearly EV delivery goal.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments