People look at an electric SUV Xiaomi Yu7 in a Xiaomi business in Hangzhou in the province of Zhejiang in East China on Thursday, June 26, 2025.
Feature China | Future publication | Getty pictures
The shares of Chinas from Hong Kong listed by Hong Kong Xiaomi On one day after the electric car, over 5%rose to achieve a record high on Friday.
The consumer electronics company, a relatively newer player at the EV market, has an impact on the rival Tesla With its new electric luxury vehicle, Yu7. The pricing of the SUV begins at 253,500 Yuan (35,322 US dollars), said CEO Lei Jun on Thursday and pointed out that the vehicle was 10,000 Yuan cheaper than Teslas Model Y, which begins at 263,500 Yuan in China.
The YU7 received more than 200,000 orders within just three minutes after the start, said Xiaomi.
Before the official price display, a Citi report had the expectations that the YU7 SUV would be around 250,000 yuan up to 320,000 yuan (USD 34,800 to $ 44,590), and predicted monthly sales of around 30,000 units. As soon as the pace is picked up, Citi predicts an annual turnover of 300,000 to 360,000 units.
The SU7 sedan of the Xiaomi company, which was introduced last year, was also under the model 3 of Tesla.
Lei claimed on Thursday that the Yu7 Teslas Model Y defeated on a number of metrics, but still had the driver assistance. The YU7 has driver assist software from which the most advanced version of Nvidia's Thor Chip is operated. The previous sales begin on Thursday at 10 p.m. and deliveries are expected within one to five weeks.
Characteristics
Xiaomi had initially announced that it would start his Yu7 in July. The former event takes place in the middle of an intensive price war for electric cars.
Xiaomi unveiled its Yu7 SUV at the end of May, less than a year after the start of his first electric car, and claimed that the vehicle would have a drive range of at least 760 kilometers (472 miles) on a single load.
This is well above the 719 kilometers that were advertised for Tesla's model of Tesla. The driving area was a sales argument for consumers who were concerned about frequent battery charges.
While Xiaomi did not promote its artificial intelligence as much as other consumer brands, the start event presented several AI car functions on Thursday, e.g. B. enabling the drivers to change a song with hand movements or to ask a telephone app to describe where the car is parked.
The YU7 also supports Apple Car Play and Apple Music, said Lei.
Smart glasses
The Chinese company for smartphones and household appliances launched several other products on Thursday, including with excited glasses for artificial intelligence.
The AI ​​glasses that change the ray of Meta with the Smart offer with the meta with the tenting of the lenses and scan a QR code to make payments, whereby the mobile smartphone apps imitate Chinas. Xiaomi also announced similar characteristics to the meta glasses, e.g.
The AI ​​glasses from Xiaomi begin at 1,999 Yuan (279 US dollars). An Xiaomi spokesman said there are currently no plans to sell the glasses overseas. The version of Meta is not officially sold in China.
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– Ying Shan Lee from CNBC contributed to this report