HONG KONG (Reuters) – Shares of China’ Xiaomi were set to rise 15% on Tuesday after the maker of smartphones and other consumer electronics late last week launched a sporty electric car whose design has been likened to Porsche’s Taycan and Panamera sports car models.
Xiaomi’s stock was set to open up at HK$17.80 on the first day of stock market trading since it launched its electric vehicle late last week.
(Reporting by Anne Marie Roantree; Editing by Jacqueline Wong)
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