The latest investor updates on stocks that are trending on Thursday.
(Bloomberg) -- Xiaomi Corp.’s $8 billion stock rally faces a key test when the Chinese smartphone giant unveils its first electric vehicle Thursday, as it attempts to muscle into an unfamiliar and intensely competitive market.Most Read from BloombergLondon Insurers Face Baltimore Bridge Payouts Worth BillionsBiden Gains Ground Against Trump in Six Key States, Poll ShowsJapan Amps Up Intervention Threat as Yen Hits Lowest Since 1990Dubai Is Losing Its Allure for Wealthy RussiansChina Property Cri
On Tuesday, BYD Company Limited (OTC: BYDDY) reported its fourth quarter results that included its slowest quarterly profit growth in two years. Even the Tesla Inc (NASDAQ: TSLA) rival who grew from being a battery maker to an EV juggernaut who dethroned Tesla during the last three months of 2023 as the top EV maker, is feeling the blow from the lost momentum of EV sales and a brutal price war. But, BYD is aggressively pushing forward as it unveiled its latest addition to the Dynasty series, a s