Xiaomi Sells Shares to Drive EV Segment

Xiaomi raised $5.5 billion in a share sale, the company said in a statement. It looks to capitalize on growth in 2024 and fund further electric vehicle development.

The company sold 800 million shares for HKD53.25 ($6.85). Xiaomi’s share value grew steadily from a low point in August 2024 due to success in China’s EV sector and grew over 150% in the past six months.

Xiaomi exhibited its SU7 Ultra during the recent MWC25 Barcelona, having unveiled the original model at the same event in 2024. EV sales were credited with motoring Xiaomi to a bumper in 2024, with smartphones also continuing to play a key role in financial gains. The company increased EV targets for 2025, part of a broader hefty investment over a ten-year period that began in 2021.