They sold 88898 electric vehicles in the first 24 hours. The OTC stock ticker is XIACY. Make sure it is ADR stock, not Class B stock.

Basically, i am told this Chinese EV is better than Tesla in terms of both travel distance and price.

It already went up 10% after the news. The OTC stock costs $10 per share. I did not buy it yet. Might buy when there is a dip cause eventually, they are going to sell in Europe, and they are gonna dominate.

For those of you who are not familiar with Xiaomi, its robot vacuum cleaner and cell phone are very popular and known for top qualities. Yes, EV is a different product.

https://www.cnn.com/2024/03/28/business/chinas-xiaomi-ev-launch-intl-hnk/index.html

The standard version of Xiaomi’s SU7 has a starting range of 700 kilometers (435 miles), which is better than the long-range version of Tesla’s Model 3, Lei said.

The starting price is about $4,000 cheaper than Tesla’s Model 3 sedan, which starts at 245,900 yuan in China.