On Thursday, Chinese EV and smartphone giant Xiaomi intensified its challenge for the American vehicle manufacturer in the world’s largest motor vehicle market in the world’s largest motor vehicle market.
The base variant of the YU7 is priced at 253,500 yuan ($ 35,364), while the high-end Yu7 Pro and Yu7 Max models are listed in 279,900 yuan and 329,900 yuan respectively. Xiaomi will begin to accept the order for all three versions starting from Thursday night.
The launch accelerates competition in the Beaver EV market in China, where the model Y was the best -selling SUV in May, which used to sell retail from 2,63,500. Xiaomi CEO and founder Lei June has deployed YU7 as a direct contestant of model Y, and analysts believe that it has a strong ability to challenge Tesla’s market leadership.
Proud of the driving range up to 835 km (519 mi) per charge, U7 also dismissed Tesla’s latest model Y, which provides up to 719 km. The new SUV also faces competition from other domestic players, including ZeekR’s 7X and Li Auto’s L6.
