By Qiaoyi Li, Che Pan and Brenda Goh BEIJING (Reuters) -Chinese EV and smartphone maker Xiaomi on Thursday priced its new electric YU7 SUV from 253,500 yuan ($35,364), almost 4% below Tesla's Model Y,

As domestic rivals increasingly win over Chinese consumers with snazzy new features, Tesla’s share of the Chinese EV market has fallen from a peak of 15 per cent in 2020 to 10 per cent last year and then again to 7.6 per cent for the first five months of 2025.