Xiaomi stock hits record as YU7 electric SUV draws rush of orders

New Tesla-beater exceeds expectations, pushing market cap near $200bn

2025-06-27T021626Z_745265298_RC2GREA3ECQF_RTRMADP_3_CHINA-XIAOMI-EV-STOCKS.JPG

A customer peers into Xiaomi's new YU7 electric SUV in Beijing on May 29. © Reuters

WATARU SUZUKI

SHANGHAI -- Xiaomi's stock price touched a fresh record on Friday after the Chinese electronics maker's new electric sport utility vehicle drew more orders than expected.

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