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Xiaomi faces steep decline as doubts mount over EV strategy

  • Xiaomi Corp. has seen a dramatic fall from grace, becoming the worst-performing tech stock in China due to increasing skepticism about its electric vehicle ambitions and ongoing challenges in the smartphone market.
  • The company’s stock performance has raised concerns about its ability to regain market confidence amid fierce competition and changing consumer preferences.
  • Analysts suggest that a swift recovery seems unlikely, prompting investors to reevaluate their positions.

[Via]

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