Xiaomi Unveils YU7 SUV for June-July 2025 Launch, Targets Tesla's Model Y

Dec 9, 2024, 01:00 PM

Xiaomi Corp., valued at $3 trillion, has announced plans to expand its electric vehicle (EV) lineup with the introduction of the YU7 SUV, set for launch in June or July 2025. This new model, which follows Xiaomi's entry into the EV market, aims to compete with Tesla's Model Y. The YU7 is described as a larger vehicle, comparable in size to Tesla's Model X, and will feature dual motors and an NMC battery supplied by CATL. Xiaomi's venture into the automotive industry underscores the company's ambition to become one of the world's top five automakers, highlighting China's tech giants' increasing diversification into high-growth sectors.