(Bloomberg) — Xiaomi Corp. shares rose as much as 7.5% in Hong Kong Tuesday, after the company announced it will start selling its long-awaited electric vehicles later this month.
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The Beijing-based electronics firm, best known for its smartphones, has made a multibillion-dollar bet on breaking into the red-hot contest in China’s EV market led by Tesla Inc. and BYD Co. It will make its SU7 series available for purchase on March 28 in 29 cities, the…
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