Chinese smartphone maker Xiaomi said today it has received more than 100,000 orders for its first car - a sporty electric vehicle called the SU7 - as it began deliveries.
The first deliveries come from a limited batch of 5,000 cars that Xiaomi had already produced - called the"Founder's Edition," equipped with additional accessories for early buyers. Xiaomi's shares surged as much as 16% yesterday as the SU7 drew strong interest, though a brokerage forecast the firm would lose nearly $10,000 per car this year.
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