Dow Jones Newswires: Xiaomi Shares Rise After EV Plans Leak

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Xiaomi Corp. shares climbed in Hong Kong following the circulation of designs for what could become the company’s first electric car, something analysts say looks like a risky but potentially lucrative endeavor.

Shares of the Chinese tech company HK:1810 XIACY, trading Thursday for the first time this week following the Lunar New Year holiday, climbed as high as HK$13.32, their highest level since late July 2022. The stock is on track for its best close in nearly seven months and was last up 11% at HK$13.22.

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