Xiaomi
Xiaomi YU7
In just 3 minutes after its launch, this Thursday, in Beijing, the new Yu7 from Xiaomi received more than 200 thousand orders, the company said. With a price of around € 32,600, the Chinese brand electric aims to compete with Tesla’s Model Y.
Xiaomi launched its, slightly cheaper than Tesla Model Y-which has attracted hundreds of thousands of buyers.
In a Weibo publication, the Chinese manufacturer of smartphones and electric vehicles revealed to have received More than 200,000 orders of the vehicle in just three minutes after its launch.
According to, an hour after the start of sales, there was already More than 289,000 orders for the new Xiaomi model. With a price that starts at 32,600 euros, Yu7 is a Model Y competitor From Tesla, the most popular SUV in China, whose base price is around € 34,200.
During the launch event, the founder and CEO of Xiaomi, Lei Junmade repeated criticism of Tesla, notes the insider.
“Tesla said first: ‘go there, compare‘And we at Xiaomi simply do not accept defeat. Today We officially accept Tesla’s invitation To compare, ”said Law.
On Friday, Xiaomi shares rose 8% For a historic maximum in the Hong Kong bag, after the strong demand for orders. The Chinese brand quote ended the day with a rise of about 3.6% to almost $ 59.
“YU7 seems to be selling like hot rollsdespite the price slightly higher than the estimated, ”says analyst Edison Lee, quoted by Insider.“ The price of Yu7 is slightly below Tesla Model Y, but offers much better specifications/performance“.
“Model Y is the main target of Yu7, and so it is expected that Yu7 will be able to take a market quota to Model Y,” concludes the analyst.
Chinese manufacturers, including Xiaomi, BYD (the largest electric vehicle company in sales volume), Nio and Xpeng, have been lowering prices and win market share in China and Europe.
YU7 has been Xiaomi’s second car since the company entered the electricity sector last year, with its SU7 – which, at the time of its launch, also made a shine :.
At a price below Model 3, the SU7 has sold an China every month since December, more than the Tesla model.
