Xiaomi’s Success Means More Trouble for Battered China EV Stocks

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Xiaomi Corp.’s roaring entry into the electric vehicle market is dimming the recovery outlook for China’s beaten down auto startups.

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Xiaomi Jumps as Investors Cheer Early Signs of EV Success(Bloomberg) -- Xiaomi Corp. surged in Hong Kong as orders for its first electric vehicle topped estimates, fueling optimism the smartphone maker may succeed ...
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