Overview

• Xiaomi’s YU7 secured 289,000 paid pre-orders within its first hour and accumulated an estimated 280,800 to 315,900 bookings over 72 hours after its June 26 launch.
• Starting at 253,500 yuan, the YU7 undercuts the Tesla Model Y by nearly 4% to appeal to cost-conscious buyers in China’s crowded EV market.
• Xiaomi’s Hong Kong-listed shares jumped as much as 8% on the YU7 debut and closed at record highs following the surge in demand.
• The new SUV features a 96.3 kWh battery with up to 835 km of range, under-seat storage drawers and complimentary driver assistance software.
• Safety concerns linger over Xiaomi’s intelligent-driving systems after a March SU7 sedan crash in assisted-driving mode killed three students.