15:57 - 18.02.2025

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February 18, Fineko/abc.az. The stock prices of China’s producer of consumer electronics and electric vehicles Xiaomi soared by 7.2% following the trading on the Hong Kong Stock Exchange on Tuesday and reached a record high of 48.4 Hong Kong dollars.

This was facilitated by the news that company's new car will be eligible for a purchase tax exemption, as well as positive recommendations from analysts, MarketWatch reports.

The YU7 SUV to be launched in June or July has been included by the Chinese Ministry of Industry & Information Technology in the list of vehicles eligible for exemption from or reduction of the purchase tax.