ReutersXiomi YU7
Chinese EV and smartphone maker Xiaomi on Thursday priced its new electric YU7 SUV 10,000 yuan ($1,395) cheaper than Tesla’s Model Y, stepping up the challenge to the U.S. firm in the world’s largest auto market. The base model of the YU7 starts from 253,500 yuan ($35,364), with the more premium models YU7 Pro and YU7 Max priced at 279,900 and 329,900 yuan respectively. Xiaomi will take orders for all three models from Thursday night. The Model Y, which was China’s best-selling SUV in May, retails from 263,500 yuan in China. Xiaomi’s CEO and founder Lei Jun has said he wants the YU7 to challenge the Model Y and analysts say it is well placed to take on the Tesla vehicle’s dominance. Other rivals include Zeekr’s 7X and Li Auto’s L6.Live Events The YU7 has a driving range of up to 835 kilometres (519 miles) per charge, versus the redesigned Model Y that was launched in January with a range of up to 719 kilometres.(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onXiaomi YU7electric SUVTesla Model YYU7 pricedriving rangeChinese EV marketXiaomi electric vehicleXiaomi CEO Lei JunXiaomi
(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
(You can now subscribe to our Economic Times WhatsApp channel)Read More News onXiaomi YU7electric SUVTesla Model YYU7 pricedriving rangeChinese EV marketXiaomi electric vehicleXiaomi CEO Lei JunXiaomi(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless