China EV war: Xiaomi boss stakes legacy on pursuit of Tesla as analysts caution latecomers to party

Source: South China Morning PostBy most yardsticks, Xiaomi founder Lei Jun has lived up to market expectations. The smartphone maker produced a record 13 billion yuan (US$2 billion) of adjusted earnings last year, entrenching its position as the fourth-most valuable technology stock in Hong Kong.The stock reach a record high of HK$35.30 on January 5, surpassing an average price target set by analysts that have seen its ascend to become the world’s No. 3 player behind Apple and Samsung in global shipments and market share.Now,…Read More

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