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Xiaomi’s market value breached HK$1 trillion (US$128.4 billion) for the first time after its shares surged to an all-time high, as China’s third-biggest smartphone maker reaps the benefits from its diversification into electric-vehicle (EV) manufacturing.
2. 15 million new Chinese EVs to have self-driving features this year
About 15 million new cars taking to mainland China’s roads – even models priced below 100,000 yuan (US$13,914) – will be fitted with preliminary autonomous-driving technology this year as the cost of the technology declines, according to industry estimates.