Sales soar for EV car with 500-mile range with 315K orders in 72 hours
Sales recently soared for a new Electric Vehicle (EV) with an impressive 518-mile range which rivals a petrol car with a full tank of fuel. The remarkable model can go from nought to 60 mph in just 3.23 seconds and can hit a top speed of 157 mph.
According to a recent survey by Motorfinity, around 44 per cent of motorists in the UK are thinking about changing to an EV. In recent years, many have been put off by an EVs limited range, however, this is now changing.
In 2011, Nissan launched their Leaf EV. This could only be driven around 100 miles before needing charged.
Chinese smartphone giant Xiaomi is now changing everything the EV world with its dramatic entry into the electric market. According to the Mirror, they have achieved a remarkable milestone with just its second ever model.
Within just three minutes of their launch, they received more than 200,000 pre-orders for its new YU7 electric SUV.
Xiaomi later announced on social media that this number had climbed to more than 289,000 within the first hour. And after 72 hours, Xiaomi's 351 retail stores across China reported up to 315,900 locked-in orders for the YU7. This surge in demand is a significant achievement for Xiaomi — outpacing the annual deliveries of many other EV manufacturers — as the company only started making EVs in 2024, when the SU7 sedan was launched.
The YU7, which is priced at roughly £25,790 (253,500 yuan), is positioned to compete directly with Tesla's Model Y — and it's almost four per cent cheaper than its American rival. Following the opening of pre-orders, Xiaomi's shares on the Hong Kong stock exchange surged to an all-time high, rising by a staggering eight per cent in early trading, before closing up 3.6 percent.
The YU7 may only be Xiaomi's second vehicle, but it has already demonstrated the company's ability to disrupt China's highly competitive EV market. BYD currently leads China's new energy vehicle market with a 29 per cent share and sales — just shy of one million cars from January to April. In contrast, Tesla holds just under five per cent of the market, while Xiaomi has quickly captured a 3.5 per cent share.
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Xiaomi's shares have risen by more than 70 per cent so far this year, making it one of the top-performing companies on the Hong Kong stock exchange with a value of around £139 billion. The rapid growth of China's EV industry on the whole is also evident, with production of new energy vehicles — including EVs and hybrids — increasing by more than 46 per cent in the first four months of the year.
Meanwhile, sales of internal combustion engine (ICE) cars have declined by six percent, highlighting a dramatic shift toward domestic EV manufacturers. Foreign brands, once dominant in China, now hold just 31 per cent of the market across both EVs and traditional fuel-powered cars, underscoring the rise of domestic companies like Xiaomi.
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Times
7 hours ago
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Welcome to the Tesla diner. Would you like a hat with that?
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The Guardian
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It was just before lunchtime on its third day of operation, and the line outside Elon Musk's new Tesla Diner in Hollywood already stretched to nearly 100 people. The restaurant has been billed as a 'retro-futuristic' drive-in where you can grab a high-end burger and watch classic films on giant screens, all while charging your Tesla. After months of buildup and controversy, the diner had suddenly opened on Monday, at 4.20pm, the kind of stoner boy joke that Musk is well-known for. Hundreds of fans lined up to try burgers in Cybertruck-shaped boxes, or take photos of the Optimus robot serving popcorn on the roof deck of the gleaming circular diner. But that was for the grand opening. Less than 48 hours later, when we visited for lunch, the Tesla Diner experience was less a futuristic fantasy than a case study in how to fail with impunity. Many parts of the experience were breaking down, the food was mediocre, yet the fans were still cheerfully lining up to buy merch. 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An episode of Star Trek was playing on the giant drive-in movie screens, but the best entertainment available was watching tricked-out Cybertrucks arrive and depart. I counted at least six when I arrived, and more kept appearing: a neon orange Cybertruck with Texas plates, another floating on giant custom rims. I did not spot a single anti-Musk protester, though social media posts were advertising protests outside the diner later in the week. Musk's special projects have often unfolded with a degree of chaos. Most recently, his attempt to dismantle the large parts of the US government ended with him feuding with the president he had spent nearly $300m to elect. Serving high-end burgers to Tesla fans while they charge their electric cars should be much easier than launching space rockets, developing brain implants or running a social media platform that is not overrun with hate speech and harassment. 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Jake Hook, who runs a Los Angeles-focused 'Diner Theory' social media account, had described the Tesla Diner menu to me as 'all over the place', with a combination of 'very fast food shlocky' items combined with sandwiches made with 'bread from Tartine', the luxury California bakery. The diner also offers a mix of 'own the libs' and 'we are the libs' options: on the one hand, 'Epic Bacon', four strips of bacon are served with sauces as a meatfluencer alternative to french fries, and on the other, avocado toast and matcha lattes. There was a kale salad served in a cardboard Cybertruck: welcome to southern California. 'Diners are kind of a reflection of the community, and it doesn't seem to really be that,' Hook told me over the phone. 'It's like a diner-themed restaurant.' An employee gave the Wednesday walk-up line another update: they didn't have chicken, waffles or milkshakes, or any of the 'charged sodas', which came with boba and maraschino cherries and extra caffeine. 'It gets better and better,' sighed a man behind me. Josh Bates and his son Phoenix were in town for the day from Orange county, where they lived. 'We are big Musk fans,' he said. Phoenix, age 10, had been excited to visit the diner. 'I never seen Elon Musk open a restaurant, so I just wanted to come here and see how the food is,' he explained. But after waiting in line for 20 minutes and not getting much closer to ordering, Bates decided it was time to find somewhere else for lunch. 'It's the grand opening – things happen,' the father said. 'It is what it is. They're doing the best they can.' Bates wasn't the only Musk fan with this attitude. Ivan Daza, 36, who lived in Los Angeles, later told me that he had waited two hours the day before, only to be told around 6 or 7pm that the Tesla Diner's kitchen was closed. He had brought his eight-year-old daughter back the next day to try again. She had seen the Tesla Diner on YouTube and was especially excited to see the Optimus robot. But it turned out that Optimus was not in operation. Daza said he was surprised by the various problems the kitchen seemed to be having – he thought they would have a 'plan B'. But he was pleased the diner offered an 'experience'. The prices, though expensive, weren't that bad for Los Angeles. The burger was $13.50, without french fries. Later, as Daza ate the meal that had taken him two days to get, he grinned: 'Delicious.' The interior design was certainly closer to Disneyland than In-N-Out: all sleek and shining chrome, futuristic 1950s white chairs and tables, and beautifully designed lighting. The curved staircase up to the Skypad was decorated with robots in display cases on the wall. Inside a curved chrome window was what looked like a pretty ordinary, low-tech restaurant kitchen. I had waited in line for a full hour before I could place my order. When I finally got to the register, I asked an employee to remind me what on the menu was actually available. She said I needed to check the screen in front of me – they had whatever was there. It turned out, contrary to what I had been told, that I could order both chicken and waffles. After the long wait outside, my food arrived in about 10 minutes – much less than the three-hour wait I feared, but absurdly long for any fast-casual restaurant. A waffle, branded with the Tesla lightning bolt, was cold. The fried chicken had a tasty coating but was also cold. The heap of kale and tomatoes was only partially dressed with an odd dill-flavored dressing. The generic-brand cola tasted cheap and was served with a woke bamboo straw. But the food did come in elaborate Cybertruck boxes – and they were, to be honest, delightful. While locals seemed to be forgiving of the new diner's glitches, some tourists were less impressed. Rick Yin, 32, who was visiting Los Angeles from China with his mother, had stopped by the diner on their way to the airport to 'grab a quick lunch' that had turned out not to be quick at all. Yin had also been excited to see the Optimus robot in action, and had hoped the diner would be 'more hi-tech'. What he had found was 'a regular restaurant'. 'It's all right,' he said, while still waiting for his food. After eating, he said he liked the Cybertruck boxes: 'That's the only thing that's worth it.' I took my meal upstairs , to the Skypad, an open-air balcony with a view of the charging Teslas. The Twilight Zone was now playing on two giant screens. I sat down next to a steady line of people buying Tesla Diner merch: a $95 retro diner hoodie, $65 Tesla salt and pepper shakers, a $175 'levitating Cybertruck' figurine. There was a large popcorn machine in front of me, which seemed to be where Optimus had been serving snacks on opening night. Musk had been posting on X earlier in the morning that 'Optimus will bring the food to your car next year' and suggesting the robot might be dressed in a 'cute' retro outfit. In reality, Optimus was nowhere in sight. The robot was 'out today', an employee told me later, as if the pricey piece of machinery were a human celebrity with a busy schedule. 'Maybe tomorrow.' 'Is it possible to get some popcorn regardless of the robot?' a woman asked. 'It's probably old popcorn,' an employee told her regretfully. A different employee warned me that I could not walk down the same staircase I had taken up to the Skypad because it was too crowded and that 'everyone's colliding with each other and trays and milkshakes'. I would have to go down another way: a bland flight of stairs without any hi-tech decoration. During a Tesla earnings call on Wednesday, as the company disclosed declining revenue and profits, Musk highlighted his new burger palace as a success: 'Diners don't typically get headline news around Earth,' he bragged. He also called the diner 'a shiny beacon of hope in an otherwise sort-of bleak urban landscape'. (It is located on Santa Monica Boulevard, in a neighborhood full of high-end art galleries.) I'd had plenty of time in the diner line to think about 'retro-futuristic' experiences, and how good a description that was, not so much for this very ordinary diner, but for the rightwing political project that Musk had joined. We were now moving into a future that offered tank-like electric cars and on-demand drone deliveries, and also a resurgence of measles outbreaks and women dying from preventable pregnancy-related complications. But continuing to function in the United States right now requires being very good at compartmentalization. I tucked away the cardboard Cybertruck lids to show my co-workers, threw away the Tesla waffles, and went on with my day. Nothing works properly here any more, but hey, it's an experience.
