Reported 2 days ago
Xiaomi Corp. has announced the upcoming launch of its new electric SUV, the YU7, expected to hit the market in summer 2025. The vehicle, designed to rival Tesla's models, features a 5-meter length and a powerful battery from Contemporary Amperex Technology Co. Ltd. This move comes as Xiaomi aims to expand its $10 billion electric vehicle venture while reducing reliance on the volatile smartphone market. Following the success of its first model, the SU7 sedan, Xiaomi is preparing to ramp up production and compete head-to-head with established players like Tesla and BYD.
Source: YAHOO