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Xiaomi's YU7 Electric SUV Surges with 200K Pre-Orders

6/26/2025

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Summary

Story summary

Xiaomi introduced the YU7 electric SUV in Hangzhou, China, priced at 253,500 yuan ($35,322), competing with Tesla's Model Y.
The YU7 boasts advanced driver-assist technology and garnered over 200,000 pre-orders within three minutes of its launch.
Xiaomi's stock has risen 64% this year, reaching a valuation of $187 billion, surpassing BYD in the EV sector.
The SUV will feature multiple models with different power and range, targeting a mid-2025 market release.

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Story summary

Xiaomi introduced the YU7 electric SUV in Hangzhou, China, priced at 253,500 yuan ($35,322), competing with Tesla's Model Y.
The YU7 boasts advanced driver-assist technology and garnered over 200,000 pre-orders within three minutes of its launch.
Xiaomi's stock has risen 64% this year, reaching a valuation of $187 billion, surpassing BYD in the EV sector.
The SUV will feature multiple models with different power and range, targeting a mid-2025 market release.