Xiaomi Corp.’s stock has surged 101% this year, nearing an all-time high, driven by the company’s success in the electric vehicle market. Competing with giants like BYD Co. and Tesla Inc., Xiaomi leverages its expertise in smartphone manufacturing and strong loyalty among young consumers.

In the third quarter, the EV segment accounted for 10% of Xiaomi’s total revenue. The SU7 model exceeded expectations, prompting the company to raise its delivery target to 130,000 vehicles. In summer 2025, Xiaomi plans to launch the YU7 SUV, which analysts predict could boost EV sales by 137% and double the company’s total revenue.

Despite the stock trading at 27 times forward earnings, above the five-year median, experts remain optimistic. Out of 44 recommendations, 42 suggest buying. Xiaomi continues to draw investor attention as one of the most promising companies in the EV sector.