15 Biggest EV Stocks in the World in 2024

2. Xiaomi Corporation (HKG:1810)

Market Capitalization: $54.98 Billion

Number of Hedge Fund Holders: N/A

Xiaomi Corporation (HKG:1810), a major Chinese tech company, designs and manufactures a wide range of consumer products, including smartphones, home appliances, and automobiles. Founded in 2010, the company is known for offering high-quality electronics at competitive prices.

Xiaomi Corporation (HKG:1810) recently unveiled its sporty Speed Ultra 7 sedan at a launch event in Beijing. With a starting price of RMB 215,900, the Speed Ultra 7 is quite price-competitive, making it a potentially disruptive force.

Xiaomi Corporation (HKG:1810), delivered positive financial news for the quarter ended March 31, 2024. Revenue jumped 27.0% year-over-year to RMB 75.5 billion. However, it’s worth noting that operating profit declined year-over-year, suggesting potential focus areas for cost management going forward.

Overall, analysts think that Xiaomi Corporation (HKG:1810) stock is a strong buy with an average 12-month price target of $20.23. The price target reflects an upside potential of around 14%. With a market capitalization of over $50 billion, Xiaomi Corporation (HKG:1810) is one of the biggest EV stocks in the world in 2024.