The company was founded in 2010 and is therefore fairly new. In 2011, they launched the M1 which was their first phone. After this phone proved to be a success, Xiaomi expanded its activities by developing more smartphones. Nowadays, the company also cooperates with many other companies and produces all kinds of different products: action cameras and smart lights are some examples.
Source - How to buy Xiaomi shares? Invest in Xiaomi stocks
It is also worth noting…
Chinese smartphone giant Xiaomi has promised to bring an all-new electric car to market by 2024, and it’ll be an alternative to the Tesla Model 3. Read on for all you need to know.
New Xiaomi electric car leaked
Smartphone maker’s first EV
Will be available with self-driving technology
Possible reveal by the end of the year
Xiaomi is one of the largest makers of smartphones in the world, and it’s now going to reveal a new EV by the end of the year, codenamed the MS11, which will go on sale in 2024.
Source - Smartphone giant Xiaomi to reveal new EV by the end of the year: price and specs | carwow
I think this stock will be a great growth stock!