Xiaomi ADR Jumps 9% As It Launch Its Highly Anticipated EV
China's Xiaomi is launching its highly anticipated electric vehicle on Thursday when it will reveal its pricing and start taking orders, marking the electronics company's entry into the world of automobiles.Xiaomi ADR gained 3.7% in premarket trading Thursday.The world's third largest smartphone vendor has only said so far that its car will be priced below 500,000 yuan . Models it unveiled in over 70 stores across China on Monday have drawn comparisons to Porsche's Taycan and Panamera sports ca