Latest news with #YU7
Daily Tribune
3 hours ago
- Automotive
- Daily Tribune
Xiaomi receives almost 300,000 SUV pre-orders in minutes
hinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sport utility vehicles in what the company said was a "miraculous" moment for the industry. Lei Jun, founder and CEO of the electronics-turned-car company, said he was astonished by the reaction from customers. "My goodness, in just two minutes, we received 196,000 paid pre-orders and 128,000 lockin orders," Lei said in a video distributed after the vehicle's launch on Thursday night. "We may be witnessing a miracle in China's automotive industry." The company's electric vehicle division said later on its official Weibo account that there had been 289,000 pre-orders for the five-seater YU7, priced from 253,500 yuan (about $35,000), within the first hour of sales. Xiaomi's Hong Kong-listed shares soared eight percent at one point before paring their gains but ending at a record high. The Beijing-based commercial tech giant made its first foray into car-making with its SU7 EV model last year, part of a broader industry push to boost domestic consumption. Initial enthusiasm for intelligent driving features in such vehicles was tempered by the fatal crash of a Xiaomi SU7 in March. The vehicle had been in assisted driving mode just before it crashed, killing three students. Premier Li Qiang used the World Economic Forum in Tianjin this week to outline China's ambition to become a "major consumption powerhouse", emphasising policies to stimulate demand for high-value goods such as electric vehicles.
Yahoo
4 hours ago
- Automotive
- Yahoo
Xiaomi's New SUV Gets 289,000 Orders in an Hour
Bill Russo, Founder and CEO of Automobility, shares his analysis of China's EV sector on Insight with Haslinda Amin. Russo speaks after Xiaomi Corp.'s shares rose 8% to a lifetime high in the wake of strong initial orders for its $35,000 sport utility vehicle, the YU7. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hindustan Times
7 hours ago
- Automotive
- Hindustan Times
Xiaomi's YU7 SUV launched internationally, gathers over 2,40,000 bookings. Check details
The Xiaomi YU7 has been launched in China at RMB 253,000 (approximately ₹30.26 lakh). Check Offers Xiaomi has expanded its electric vehicle portfolio with the launch of its all-new YU7 electric SUV in China, priced from RMB 253,000 (approximately ₹ 30.26 lakh). Following the success of its debut EV, the SU7 sedan, the YU7 is Xiaomi's second foray into the automotive space and comes loaded with technology, performance, and customisation options. In a strong show of market demand, Xiaomi confirmed that over 240,000 pre-orders were placed within the first 18 hours of launch, reinforcing the brand's growing presence in China's EV segment. The YU7 also arrives with a price advantage, undercutting the Tesla Model Y by nearly 4 per cent in the region. Xiaomi YU7: Variants and performance Xiaomi is offering the YU7 in three variants: Standard (RWD), Pro (AWD), and Max (AWD with performance upgrades). Powering the top-spec Max is Xiaomi's HyperEngine V6s Plus, featuring a silicon carbide-based powertrain that delivers 690 bhp and a top speed of 253 kmph. The base Standard version produces 315 bhp and offers an impressive range of up to 835 km (CLTC), while the Pro variant puts out 489 bhp and offers a range of up to 770 km. Acceleration from 0 to 100 kmph is achieved in as little as 2.98 seconds in the Max variant. All variants support ultra-fast charging, with the battery able to charge from 10 per cent to 80 per cent in just 12 minutes or gain 620 km of range in 15 minutes. Also watch: Xiaomi SU7 electric car makes India debut: Will the Tesla, BYD rival launch here? Xiaomi YU7: Design and colour options Styled as a low-slung performance SUV, the YU7 features a widebody stance and muscular rear. Buyers can choose from nine exterior colours, including Basalt Grey, Emerald Green, Dusk Purple, and Dawn Pink. Wheel options range from 19-inch long-range alloys to 21-inch performance wheels. The 21-inch offerings include Phantom wheels with Michelin Primacy 5 Energy tyres for a 750 km range, and two sporty forged designs (Floral and Petal) with Michelin Pilot Sport tyres delivering a 670 km range. Floating Xiaomi logo centre caps and coloured four-piston Brembo callipers (in red or yellow) add to the premium, custom feel. Also Read : Tesla in trouble: Xiaomi SU7 outsells Model 3 in this country, YU7 gunning for Model Y Xiaomi YU7: Interior and features Inside, the YU7's cabin features several dual-tone upholstery options such as Pine Grey, Coral Orange, and Iris Purple. The front seats offer a 10-point massage function and a zero-gravity recline, while the rear seats can recline up to 135 degrees. The SUV is packed with high-tech features, including a 16.1-inch centre touchscreen, a smart-dimming panoramic sunroof, a HyperVision Mini LED panoramic display, and a mic-free karaoke system. It also supports the XiaoAI voice assistant and comes with an integrated 27W power outlet for electronic accessories. Unique to the YU7 is a 4K gimbal camera integrated into the IRVM and an AI spatial sensor. Rear passengers can also mount the Xiaomi Pad 7S Pro, while the roof rails provide a 100W power output, dual USB-C ports, and projector connectivity. A 25-speaker surround sound system and a 4.6-litre onboard fridge round out the luxurious feature list. Apple users benefit from special connected car features too, with the iPhone's Action Button configurable for lock/unlock functions and shortcut integration via the Control Centre. The Xiaomi EV App provides real-time updates via the "Alive Status" interface. Also Read : Did autopilot fail? Xiaomi SU7 crash kills three, founder pledges full cooperation Xiaomi YU7: Technology and comfort Xiaomi's Smart Chassis system governs ride quality using a double wishbone front and five-link independent rear suspension setup. The inclusion of dual-chamber air springs, adaptive dampers, and Brembo brakes helps deliver a premium and planted driving experience. A standout feature is the "Motion Sickness Relief Mode," developed in collaboration with Huashan and Beijing Tongren Hospitals. The system continuously adjusts pitch, roll, and suspension dynamics to reduce motion sickness. According to Xiaomi, internal testing showed a 51% reduction in symptoms and a 16% delay in onset. Check out Upcoming EV Cars in India. First Published Date: 28 Jun 2025, 08:30 AM IST
Daily Express
8 hours ago
- Automotive
- Daily Express
China's Xiaomi receives almost 300,000 SUV pre-orders in minutes
Published on: Saturday, June 28, 2025 Published on: Sat, Jun 28, 2025 By: AFP Text Size: Lei Jun, co-founder and CEO of Xiaomi, speaks during the launch of the Xiaomi YU7 SUV car in Beijing on May 22. BEIJING: Chinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sport utility vehicles in what the company said was a 'miraculous' moment for the industry. Lei Jun, founder and CEO of the electronics-turned-car company, said he was astonished by the reaction from customers. 'My goodness, in just two minutes, we received 196,000 paid pre-orders and 128,000 lock-in orders,' Lei said in a video distributed after the vehicle's launch on Thursday night. 'We may be witnessing a miracle in China's automotive industry.' The company's electric vehicle division said later on its official Weibo account that there had been 289,000 pre-orders for the five-seater YU7, priced from 253,500 yuan (about $35,000), within the first hour of sales. Xiaomi's Hong Kong-listed shares soared eight percent at one point before paring their gains but ending at a record high. The Beijing-based commercial tech giant made its first foray into car-making with its SU7 EV model last year, part of a broader industry push to boost domestic consumption. Initial enthusiasm for intelligent driving features in such vehicles was tempered by the fatal crash of a Xiaomi SU7 in March. The vehicle had been in assisted driving mode just before it crashed, killing three students. Premier Li Qiang used the World Economic Forum in Tianjin this week to outline China's ambition to become a 'major consumption powerhouse', emphasising policies to stimulate demand for high-value goods such as electric vehicles.
New York Post
21 hours ago
- Automotive
- New York Post
Chinese customers snapping up this Tesla rival's new SUV in bad sign for Elon Musk
Exceptionally strong initial orders for Xiaomi's YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record high on Friday and fanned speculation that Tesla may have to cut prices to fight back. In the first 18 hours after the YU7 went on sale, Xiaomi received some 240,000 orders that it considers locked in, with buyers having paid either a hefty deposit for ready-to-deliver cars or a smaller deposit for cars still to be made. The smartphone and appliance maker made a huge splash in China's electric vehicle market with the launch of its first vehicle, the SU7 sedan, in March last year. The car has outsold Tesla's Model 3 in China on a monthly basis since December and has even earned a rave review from Ford CEO Jim Farley. 4 In the first 18 hours after the YU7 went on sale, Xiaomi received some 240,000 orders, with buyers having paid either a hefty deposit for ready-to-deliver cars or a smaller deposit for cars still to be made. CEO Lei Jun, above. AFP via Getty Images The YU7 is only its second model and priced from 253,500 yuan ($35,360), it undercuts Tesla's Model Y by nearly 4%. That will likely lead to more market share loss for the US automaker, analysts said. At one Xiaomi car showroom in Beijing, dozens of people were gathered around the YU7. Otto Shi, a 26-year-old Tesla Model Y owner who works in finance, said he was considering getting a YU7 for his father who currently drives a Mercedes-Benz. 'We could take turns to drive the Model Y and YU7,' he said, adding that he was impressed by Xiaomi's prowess in supply chains and the SU7's success had made him believe Xiaomi is the ideal Chinese brand to switch to. Xiaomi's shares shot 8% higher in early trade to an all-time high but later pared gains to close up 3.6%. They have risen by more than 70% so far this year to value the company at roughly $190 billion, making it the best performing large-cap stock in Asia Pacific, according to LSEG data. 4 Xiaomi shares have risen by more than 70% so far this year to value the company at roughly $190 billion. AFP via Getty Images What can Tesla do? 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% in 2020 to 10% last year and then again to 7.6% for the first five months of 2025. Citi analysts said in a note to clients that it may have to cut prices further, offer its 'Full Self-Driving' (FSD) driver assistance software for free and offer more financing incentives if it is to compete successfully with Xiaomi. Tesla, which counts China as its biggest market according to first-quarter sales numbers, did not immediately respond to a request for comment. Last year, China accounted for roughly a fifth of its revenue. 4 Analysts said Elon Musk's Tesla may have to cut prices further, offer its 'Full Self-Driving' (FSD) driver assistance software for free and offer more financing incentives if it is to compete successfully with Xiaomi. AFP via Getty Images While Xiaomi CEO Lei Jun acknowledged that Tesla's driving assistance software was superior, he touted a range of other features where he said the YU7 outperformed the Model Y. The YU7's base model is equipped with a 96.3 kWh battery pack, offering a driving range of up to 835 km (519 miles) on a single charge and supporting high-power fast charging. That compares with a maximum range of 719 km for the redesigned Tesla Model Y, which uses a smaller 78.4 kWh battery. 4 The YU7's base model is equipped with a 96.3 kWh battery pack, offering a driving range of up to 519 miles on a single charge and supporting high-power fast charging. Its backseats have drawers for storage under them and the YU7's driver assistance software comes at no extra charge while Tesla charges 64,000 yuan for its smart driving software, he added. On Thursday night, Xiaomi said it had received 289,000 orders for the YU7 in the first hour after it went on sale, more than three times the level for its SU7 when it launched. Lei has said, however, that a portion of orders was likely being placed by scalpers. On Chinese secondhand platform Xianyu, there were hundreds of people on Friday looking to sell their position in the order queue to others. Aiming to mitigate such scalping, Xiaomi is now limiting each customer to purchasing two cars at most.
