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Xiaomi's Valuation Is Tilting Towards Its Automotive Business, Despite Receiving over 10,000 Orders in Four Minutes.
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On September 7th, Xiaomi simultaneously launched a foldable phone, a tablet, and a range-extended electric vehicle on Chinese shelves in a single day. This "all-out attack" pace is rare in the consumer electronics industry, but it accurately encapsulates the company's current predicament—it must simultaneously prove two things to the capital market: that its mobile phone business can withstand cost pressures, and that its automotive business has…
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