China's EV newcomer sells 200,000 SUVs in 3 minutes
Shanghai | Hong Kong | Xiaomi's shares hit a record high after the Beijing-based smartphone maker said it received 200,000 pre-orders for its latest electric vehicle in three minutes, threatening the positions of BYD, Tesla and other carmakers competing in China's cut-throat market.
The Chinese group's Hong Kong-listed shares rose 8 per cent after the market opened on Friday to an all-time high of HK$61.45 ($11.96) before paring gains to trade up 3 per cent.
Financial Times
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