Xiaomi's stock set to open up 15% after launch of electric car

Source: Market Screener

HONG KONG, April 2 (Reuters) - Shares of China' Xiaomi were set to rise 15% on Tuesday after the maker of smartphones and other consumer electronics late last week launched a sporty electric car whose design has been likened to Porsche's Taycan and Panamera sports car models.

Xiaomi's stock was set to open up at HK$17.80 on the first day of stock market trading since it launched its electric vehicle late last week.

(Reporting by Anne Marie Roantree; Editing by Jacqueline Wong)