Xiaomi reports a 35% jump in revenue as CEO Lei Jun’s EV bet helps drive a 280% share rally
- 18.03.2025 19:51
- msn.com
- Keywords: Xiaomi, Apple, Samsung, Tesla, BYD
Xiaomi reported a 35% revenue increase in 2024, driven by its EV division, which contributed over $4.5 billion despite only being operational for a year. The company's shares surged 280%, outpacing peers in Hong Kong, as its EV strategy boosted brand image and smartphone sales.