Business ❯Product Launches ❯Limited Editions ❯Xiaomi SU7 Ultra

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Xiaomi’s YU7 SUV Draws Record 289,000 Pre-Orders, Undercuts Tesla Model Y

Sent Xiaomi shares up 8%, the surge is propelling the company to ramp up production for 350,000 deliveries before its EV unit aims to turn profitable in the second half of 2025.