Xiaomi’s YU7 could hurt Tesla Model Y sales in China Xiaomi, the Beijing headquartered technology company that entered the EV space only last year, is already taking aim at Tesla’s market ...

Chinese EV maker Xiaomi (XIACF) on Thursday unveiled the price of its YU7 SUV, undercutting Tesla Inc.’s (TSLA) Model Y in China. Xiaomi’s YU7 SUV will start at RMB 253,500 yuan ($35,322), CEO ...

Elon Musk let the cat out of the bag when he revealed that the company was readying a cheaper alternative to the Model Y ...

The high-selling Model Y is crucial for both Elon Musk and Tesla, but a half-hearted reskin of the car hasn’t reversed the company’s sales woes. Would a complete overhaul have been a better bet?

The YU7 will have a dual-motor setup, with the front and rear motors outputting a combined 508 kW (681 hp), with a top speed of 253 kph (157 mph). Xiaomi YU7 all-electric SUV.

Xiaomi (XIACF, Financials) sold more than 30,000 electric cars in July, a record for the month thanks to the release of its ...

At 4,999mm long, 1,996mm wide, and 1,600mm tall with a 3,000mm wheelbase, the YU7 slots neatly into the biggest-selling mid-to-large electric SUV segment and is slightly larger than the Tesla Model Y.

That price range pits the YU7 against Tesla's Model Y, which starts at 263,500 yuan in China. Xiaomi plans to announce the YU7's price at the car's official launch in July.

With Q1 2025 sales reports now available, we know that Tesla sold 60,000 fewer vehicles than it did last year. Tesla isn’t the only automaker experiencing tariff-induced sales difficulties. Elon ...