Xiaomi shares pop 15% after the Chinese smartphone maker launches its 1st EV

Critical Details

In a indication of how competitive China’s electric car or truck market is, Xiaomi announced late Thursday that the SU7 would be priced at about $4,000 considerably less than Tesla’s Design 3.
Li Auto and Nio equally trimmed initially quarter shipping and delivery forecasts in late March.
BYD remained the sector big with 139,902 battery-powered passenger cars bought previous month.

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