Lei Jun, the billionaire cofounder of Chinese tech giant Xiaomi, launched an electric SUV that could be a strong competitor ...

Chinese smartphone company Xiaomi priced its luxury YU7 SUV within expectations — but undercut Tesla's Model Y.

That would only rub salt into the wound for the US car maker, which has steadily lost ground to domestic EV makers that have ...

Exceptionally strong initial orders for Xiaomi's YU7 electric sport utility vehicle sent shares in the automotive newcomer to ...

The company’s electric vehicle division said later on its official Weibo account that there had been 289,000 pre-orders for ...

The car, which starts at $35,000, intends to compete with the Model Y, China's most popular SUV, which starts at $36,760.

Its YU7 SUV is intended to compete with Tesla’s Model Y in China. Read more at straitstimes.com. Read more at ...

Xiaomi announced that sales of the highly-anticipated YU7 SUV will start on June 26, with over 500 units already built at its ...

Xiaomi opened the YU7 order books with a starting price of 253,500 yuan ($35,300), just 10,000 yuan ($1,395) under the Tesla ...

Lei Jun, founder and CEO of the electronics-turned-car company, said he was astonished by the reaction from customers.