Lei Jun: Xiaomi Yu7 will be released at the end of June
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Lei Jun announced on Weibo that the Xiaomi YU7 will be released at the end of June, along with other new products, including the Xiaomi Pad 7S Pro equipped with the Xuanjie O1 chip. The Xiaomi YU7 is a luxury high-performance SUV with a maximum range of 835km, and it has been showcased in static exhibitions at multiple city stores. Lei Jun stated that the losses in the automotive business are gradually narrowing, and profitability is expected in the third or fourth quarter of this year. The R&D budget for YU7's intelligent driving is set at 3.5 billion, and the official pricing will be determined 1-2 days before the sale
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