12 Biggest EV Stocks In the World Heading into 2025

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4. Xiaomi Corporation (OTCPK:XIACY)

Number of Hedge Fund Holders: N/A

Market Capitalization: $107.5 Billion

Xiaomi Corporation (OTC:XIACY) is an investment holding company offering both hardware and software services and electric vehicles globally. The company released the Xiaomi SU7 Series in March 2024 which received positive user feedback.  By Q3 2024, revenue from the smart EV and related initiatives reached RMB9.7 billion, with a 17.1% gross profit margin.

Deliveries of the Xiaomi SU7 Series hit 39,790 vehicles, and production surpassed 100,000 units by November. The company aims to deliver 130,000 vehicles in 2024. The SU7 Series achieved top safety ratings in key categories and introduced advanced features like City Navigate on Autopilot and plans for Hyper Autonomous Driving by December.

Xiaomi’s stock has surged significantly this year, driven by its rapid entry into China’s EV market, where it’s challenging leaders like BYD and Tesla. The company is preparing to launch a new electric SUV, SU7 Ultra, boasting impressive performance and technology, with 3,680 pre-orders within 10 minutes. The vehicle is set for official release in March 2025 and could boost its sales significantly in 2025. Xiaomi’s EV business, already contributing 10% of its revenue, and could surpass its smartphone segment as the main growth driver.

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