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Xiaomi's EV drive puts the Chinese smartphone maker's stock in the fast lane

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Xiaomi 's Hong Kong -listed stock has risen sharply in recent months on its EV success.

The smartphone maker launched its first EV , the SU7, almost a year ago .

CEO Lei Jun said in December that Xiaomi aimed to sell 300,000 vehicles in 2025 .

Xiaomi 's stock surge has boosted CEO Lei 's net worth, which is up $7.7 billion this year to $37.4 billion .