Chinese smartphone giant Xiaomi Corp (OTC:XIACF) saw a nearly 15% surge in its shares on Tuesday following the launch of its first electric vehicle (EV), the SU7. The new car’s competitive pricing and features have significantly impacted the market. What Happened: Xiaomi’s shares experienced a significant boost on Tuesday, the first trading day after the company unveiled its SU7 EV. The car’s price is approximately $4,000 lower than Tesla Inc‘s (NASDAQ:TSLA) Model 3 but has a longer driving range. Within the first 24 hours, the company received 88,898 pre-orders. The basic version has a wait t…
