
Xiaomi launches new, cheaper standard version of YU7 to further challenge Tesla Model Y

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Xiaomi has launched a new standard version of its YU7 SUV, priced at 233,500 yuan ($34,320), to compete with Tesla's Model Y. The new model features a 73.0 kWh battery, offering a CLTC range of 643 kilometers, and is 7.88% cheaper than the previous version. CEO Lei Jun emphasized the aim to challenge Tesla's sales. The YU7 has seen significant sales, with 9,876 units delivered in April, despite a drop due to the new SU7 sedan's launch.
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