Tesla’s bestselling Model Y faces yet another challenger on the mainland after Xiaomi unveiled the YU7 electric SUV amid much hoopla surrounding its launch over the past two months.
“Some netizens mentioned that this car will be sold for 199,000 yuan [US$27,621], which is impossible,” Xiaomi CEO Lei Jun said at a launch event in Beijing on Thursday. “Considering its configuration, which is comparable to the Model Y, it should be worth at least 300,000 yuan.”
The YU7’s debut comes a year after Xiaomi unveiled its first EV – the SU7 sedan – which has been outselling the Tesla Model 3 on the mainland since December.
Xiaomi said the YU7 would hit the market in July. Prices of the car, whose basic edition has a driving range of 835km, have yet to be announced.
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Global carmakers cede world’s largest auto show to Chinese EVs
Global carmakers cede world’s largest auto show to Chinese EVs
