Xiaomi unveiled its first electric SUV, the Yu7, in Beijing on May 22, 2025 and said that the full start would take place in July.
ADEK Berry | AFP | Getty pictures
Beijing – Chinas Xiaomiknown for his smartphones, recently entered the space of the electric vehicle. It is now aimed at Tesla Bestseller car in China.
After the start of his first electric car, Xiaomi announced his Yu7 SUV late Thursday and claimed that it would have a drive range of at least 760 kilometers (472 miles) with a single load.
This is far above the 719 km selected for the Y. Model Y. model Y..
“We assume that Yu7 would significantly erode the China market share of Tesla Model-Y from Tesla,” said Citi-Analyst Jeff Chung in a report on Sunday.
Citi expects the YU7 to be around 250,000 yuan up to 320,000 yuan ($ 34,700 to $ 44,420) and forecast sales of around 30,000 units per month. As soon as sales are picked up, Citi predicts an annual turnover of 300,000 to 360,000 units.
This price range makes the Yu7 against Teslas Model Y, which begins at 263,500 Yuan in China. Xiaomi plans to announce the price of the Yu7 for the official start of the car in July.
Xiaomi plans to announce the price of the Yu7 for the official start of the car in July.
Teslas Model Y was the second most common new energy vehicle in China in the six months to April, according to Autohome, an online platform for consumer information about cars in China. Byds much cheaper seagull took first place, while the Hongguang Mini budget took third place.
For April alone, Geelys Geome Xingyuan made the list of bestsellers of the new energy vehicles, followed by the seagulls from the BYD and the Wuling Hongguan Mini, as AutoHome data showed. The Xiaomi Su7 sedan took fourth place, followed by three BYD models, while Teslas model Y took eighth place.
Better than Xiaomi's first car?
The YU7 is positioned as a “luxury SUV” and its sales could exceed that of the SU7, said Elinor Leung, managing director of Asia -Telecommunication and Internet research at CLSA.
Last year Xiaomi published its first electric car, the Su7 sedan, which at that time was 4,000 US dollars lower than the Tesla model. Tesla then reduced the 3 -price 3 to 235,500 Yuan on May 26th -although it is still more expensive than the SU7 sedan at 215,900 Yuan.
In April, Xiaomi delivered more than 28,000 units of its Su7 car, after its record of more than 29,000 in the previous month. This comes after the crash of a Su7 vehicle in China, in which three people were dead. Since then, China has carefully classified the car manufacturers as careful with the language for advertising driver assist systems.
Xiaomi announced the Yu7 on Thursday at the end of a starting events for a premium phone with a new chip that the company had beaten for certain metrics from Apple. CNBC was unable to independently check the claims.
Cross -competitive electric cars Xpeng is due on Wednesday for the publication of the maximum version of his relatively popular Mona M03 car. The max version contains more advanced functions of driver assistants. The company previously said that Max would start deliveries after the New Year's Day in February.
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