SHANGHAI — Xiaomi’s stock price touched a fresh record on Friday after the Chinese electronics maker’s new electric sport utility vehicle drew more orders than expected.
Xiaomi’s Hong Kong-listed shares opened 8% higher at an all-time intraday high of 61.45 Hong Kong dollars before investors pared back some of the gains in early trading. The company’s shares are up more than 70% this year, giving it a market capitalization of HK$1.55 trillion ($197.5 billion).
