Latest news with #SU7
Fast Company
an hour ago
- Automotive
- Fast Company
Tesla's best-selling Model Y could be dethroned by this newly launched Chinese EV model
A new electric SUV YU7 is displayed at a showroom at a Xiaomi store in Beijing, China May 29, 2025. [Photo: Tingshu Wang/REUTERS] BY Listen to this Article More info 0:00 / 2:52 Xiaomi rolled out its new sports utility vehicle in Beijing on Thursday, as the firm best known for smartphones and consumer electronics gears up to further challenge Tesla in the world's largest auto market. Xiaomi launched the YU7 at 13 of its Beijing showrooms and will start taking orders for the vehicle in July. It is keen to repeat the success of the sporty SU7 sedan, which launched last year and has outsold Tesla's Model 3 on a monthly basis since December. Analysts have said the YU7 could pose a major threat to Tesla's best-selling Model Y but its launch comes at a time when Xiaomi, a relative newcomer to China's highly-competitive EV market, has seen new EV orders fall after a series of controversies. Chinese authorities have been investigating a fatal highway crash at the end of March involving an SU7 in driving-assistance mode and Xiaomi has apologised for 'not clear enough' marketing after customer complaints of false advertising. Liu Jiaxing, a 34-year-old tech worker, was among the first visitors to Xiaomi's flagship showroom in Beijing Oriental Plaza on Thursday morning, eager to catch a glimpse of the emerald green YU7. Liu said he was fond of the styling and colour as well as the fact that Xiaomi vehicles connect with the firm's personal gadgets and smart home products, which he felt pointed to how local brands understood Chinese consumers better than their foreign counterparts. 'I used to be more prone to U.S., German, and French car marques, but the fast progress of China's EV sector prompts me to focus more on the products rather than brands,' he said. Another visitor was Tom van Dillen, managing partner at German management consultancy Greenkern in Beijing, who said he was not a fan of some of the YU7's intelligent features, which he described as 'unnecessary,' but said the YU7 was a formidable challenger to the Model Y. He cited a 'physical ecosystem advantage in the showroom where there is a dedicated area with accessories that only fit into Xiaomi cars' and their competitive price. Xiaomi has said that it will only announce the YU7's pricing in July. advertisement HSBC Qianhai estimated in a note last week that the new SUV will be priced between 230,000 yuan and 330,000 yuan ($31,989-$45,898) and that Xiaomi could ship 100,000 YU7 units this year and 249,000 units in 2026. The Model Y is priced from 263,500 yuan in China. ($1 = 7.1899 Chinese yuan renminbi) —Qiaoyi Li and Alessandro Diviggiano, Reuters The final deadline for Fast Company's Brands That Matter Awards is this Friday, May 30, at 11:59 p.m. PT. Apply today. Sign up for our weekly tech digest. SIGN UP This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Privacy Policy
Yahoo
11 hours ago
- Automotive
- Yahoo
Tesla rival Xiaomi shows off its new SUV in Beijing
Elon Musk's beleaguered Tesla (TSLA) is fending off yet another competitive EV entry in China. Chinese electronics giant Xiaomi launched the YU7 SUV at 13 of its Beijing showrooms this week and, according to CNEVPOST will roll it out in almost 100 Chinese cities throughout June. While customers can marvel at the YU7, they won't be able to start placing orders for it until July. A robust YU7 launch would build on the success of its sleek SU7 sedan, which launched last year and has been outselling Tesla. The YU7 is a five-seat, mid-to-large-size SUV, clocking in at just over 16 feet in length. CNEVPOST reports that the YU7 will be available in standard, pro, and max versions, each with more amenities than the other. Zoriy Birenboym, auto expert and CEO of tells Quartz that Xiaomi's entry into the EV market with the SU7 was more than just a headline — it was a signal. 'With the YU7 now following, Xiaomi is clearly aiming to scale and diversify its lineup,' Birenboym said, adding that if priced competitively and supported by their strong tech ecosystem, the YU7 could challenge incumbents in the mid-size EV space and further blur the lines between consumer tech and mobility. 'This move could have ripple effects across both the auto and tech industries,' he said. HSBC Qianhai (HSBC) published a note, according to Reuters, stating that the new EV SUV will be priced between 230,000 yuan and 330,000 yuan ($31,989 and $45,898) and that Xiaomi could ship 100,000 YU7 units this year, followed by 249,000 units in 2026. In a regulatory filing with the Chinese government and reported on CNEVPOST, the company said the new SUV is equipped with a battery pack that has a capacity of 101.7 kWh and range available in three options: 670 km, 750 km, and 760 km (416 miles at the low end and 472 at the high end). This would rival Tesla's Model S, which can go just over 400 miles before needing a recharge. For the latest news, Facebook, Twitter and Instagram.
Time of India
11 hours ago
- Automotive
- Time of India
Xiaomi's Tesla Y rival YU7 hits showrooms in Beijing
Xiaomi rolled out its new sports utility vehicle in Beijing on Thursday, as the firm best known for smartphones and consumer electronics gears up to further challenge Tesla in the world's largest auto market. Xiaomi launched the YU7 at 13 of its Beijing showrooms and will start taking orders for the vehicle in July. It is keen to repeat the success of the sporty SU7 sedan, which launched last year and has outsold Tesla's Model 3 on a monthly basis since December. Analysts have said the YU7 could pose a major threat to Tesla's best-selling Model Y but its launch comes at a time when Xiaomi, a relative newcomer to China's highly-competitive EV market, has seen new EV orders fall after a series of controversies. Chinese authorities have been investigating a fatal highway crash at the end of March involving an SU7 in driving-assistance mode and Xiaomi has apologised for "not clear enough" marketing after customer complaints of false advertising. Liu Jiaxing, a 34-year-old tech worker, was among the first visitors to Xiaomi's flagship showroom in Beijing Oriental Plaza on Thursday morning, eager to catch a glimpse of the emerald green YU7. Liu said he was fond of the styling and colour as well as the fact that Xiaomi vehicles connect with the firm's personal gadgets and smart home products, which he felt pointed to how local brands understood Chinese consumers better than their foreign counterparts. "I used to be more prone to U.S., German and French car marques, but the fast progress of China's EV sector prompts me to focus more on the products rather than brands," he said. Another visitor was Tom van Dillen, managing partner at German management consultancy Greenkern in Beijing, who said he was not a fan of some of the YU7's intelligent features, which he described as "unnecessary", but said the YU7 was a formidable challenger to the Model Y. He cited a "physical ecosystem advantage in the showroom where there is a dedicated area with accessories that only fit into Xiaomi cars" and their competitive price. Xiaomi has said that it will only announce the YU7's pricing in July. HSBC Qianhai estimated in a note last week that the new SUV will be priced between 230,000 yuan and 330,000 yuan ($31,989-$45,898) and that Xiaomi could ship 100,000 YU7 units this year and 249,000 units in 2026. The Model Y is priced from 263,500 yuan in China.
Yahoo
a day ago
- Automotive
- Yahoo
Xiaomi's Tesla Y rival YU7 hits showrooms in Beijing
By Qiaoyi Li and Alessandro Diviggiano BEIJING (Reuters) -Xiaomi rolled out its new sports utility vehicle in Beijing on Thursday, as the firm best known for smartphones and consumer electronics gears up to further challenge Tesla in the world's largest auto market. Xiaomi launched the YU7 at 13 of its Beijing showrooms and will start taking orders for the vehicle in July. It is keen to repeat the success of the sporty SU7 sedan, which launched last year and has outsold Tesla's Model 3 on a monthly basis since December. Analysts have said the YU7 could pose a major threat to Tesla's best-selling Model Y but its launch comes at a time when Xiaomi, a relative newcomer to China's highly-competitive EV market, has seen new EV orders fall after a series of controversies. Chinese authorities have been investigating a fatal highway crash at the end of March involving an SU7 in driving-assistance mode and Xiaomi has apologised for "not clear enough" marketing after customer complaints of false advertising. Liu Jiaxing, a 34-year-old tech worker, was among the first visitors to Xiaomi's flagship showroom in Beijing Oriental Plaza on Thursday morning, eager to catch a glimpse of the emerald green YU7. Liu said he was fond of the styling and colour as well as the fact that Xiaomi vehicles connect with the firm's personal gadgets and smart home products, which he felt pointed to how local brands understood Chinese consumers better than their foreign counterparts. "I used to be more prone to U.S., German and French car marques, but the fast progress of China's EV sector prompts me to focus more on the products rather than brands," he said. Another visitor was Tom van Dillen, managing partner at German management consultancy Greenkern in Beijing, who said he was not a fan of some of the YU7's intelligent features, which he described as "unnecessary", but said the YU7 was a formidable challenger to the Model Y. He cited a "physical ecosystem advantage in the showroom where there is a dedicated area with accessories that only fit into Xiaomi cars" and their competitive price. Xiaomi has said that it will only announce the YU7's pricing in July. HSBC Qianhai estimated in a note last week that the new SUV will be priced between 230,000 yuan and 330,000 yuan ($31,989-$45,898) and that Xiaomi could ship 100,000 YU7 units this year and 249,000 units in 2026. The Model Y is priced from 263,500 yuan in China. ($1 = 7.1899 Chinese yuan renminbi)
RTHK
a day ago
- Automotive
- RTHK
Xiaomi set to let the good times roll with YU7 launch
Xiaomi set to let the good times roll with YU7 launch Xiaomi's new electric sports utility vehicle YU7 draws interest at a Xiaomi store in Beijing. Photo: Reuters Xiaomi rolled out its new sports utility vehicle in Beijing on Thursday, as the firm best known for smartphones and consumer electronics gears up to further challenge Tesla in the world's largest auto market. Xiaomi launched the YU7 at 13 of its Beijing showrooms and will start taking orders for the vehicle in July. It is keen to repeat the success of the sporty SU7 sedan, which launched last year and has outsold Tesla's Model 3 on a monthly basis since December. Analysts have said the YU7 could pose a major threat to Tesla's best-selling Model Y but its launch comes at a time when Xiaomi, a relative newcomer to China's highly-competitive EV market, has seen new EV orders fall after a series of controversies. Chinese authorities have been investigating a fatal highway crash at the end of March involving an SU7 in driving-assistance mode and Xiaomi has apologised for "not clear enough" marketing after customer complaints of false advertising. Liu Jiaxing, a 34-year-old tech worker, was among the first visitors to Xiaomi's flagship showroom in Beijing Oriental Plaza on Thursday, eager to catch a glimpse of the emerald green YU7. Liu said he was fond of the styling and colour as well as the fact that Xiaomi vehicles connect with the firm's personal gadgets and smart home products, which he felt pointed to how local brands understood Chinese consumers better than their foreign counterparts. "I used to be more prone to US, German and French car marques, but the fast progress of China's EV sector prompts me to focus more on the products rather than brands," he said. Another visitor was Tom van Dillen, managing partner at German management consultancy Greenkern in Beijing, who said he was not a fan of some of the YU7's intelligent features, which he described as "unnecessary", but said the YU7 was a formidable challenger to the Model Y. He cited a "physical ecosystem advantage in the showroom where there is a dedicated area with accessories that only fit into Xiaomi cars" and their competitive price. Xiaomi has said that it will only announce the YU7's pricing in July. HSBC Qianhai estimated in a note last week that the new SUV will be priced between 230,000 yuan and 330,000 yuan and that Xiaomi could ship 100,000 YU7 units this year and 249,000 units in 2026. The Model Y is priced from 263,500 yuan in China. (Reuters)
