Overview

• Purchasers of the YU7 face waits of 38 to 60 weeks, prompting more than 400 refund requests on Sina’s Black Cat consumer complaint platform
• Xiaomi delivered just over 25,000 YU7 SUVs in June, a sequential decline from more than 28,000 units in May as it scales Beijing plant output
• The EV division recorded over 81,000 vehicle deliveries in the second quarter, up 7% from the first quarter amid rapid factory expansion
• Starting at 253,500 yuan, the YU7 undercuts the Tesla Model Y by nearly 4%, helping secure roughly 240,000 orders within the first 18 hours
• Xiaomi’s shares hit record highs in Hong Kong trading as CEO Lei Jun schedules a livestream to address consumer backlash and delivery challenges