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Xiaomi's share price has soared to an all-time high for four consecutive days since January 28, amassing a year-to-date increase of over 24%. Consequently, the company's market value has briefly surpassed the RMB 1 trillion mark. This remarkable surge is primarily fueled by the stellar performance of Xiaomi's automotive division, which delivered over 135,000 vehicles in 2024 and aims to hit a target of up to 300,000 vehicles in 2025. Furthermore, Xiaomi has witnessed significant advancements in the realms of AI glasses and smart home appliances, with the anticipated commencement of production at the Wuhan smart home appliance factory in November. In the smartphone market, Xiaomi has also excelled, with global shipments increasing by 15% to 168.6 million units in 2024, making it the primary driver of the company's revenue growth.
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