Xiaomi reports 48% rise in fourth-quarter revenue, beating estimates | REUTERS

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Summary
Xiaomi reported a 48% increase in fourth-quarter revenue, exceeding $15 billion. The company aims to deliver 350,000 electric vehicles this year, having sold over 135,000 SU7 sedans. Global smartphone shipments rose 5%, securing a 13% market share. Investors reacted positively, with shares up 3.3% following the earnings announcement.
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