Xiaomi Unveils YU7 SUV, Aims to Undercut Tesla Model Y in China’s Competitive EV Market

Benzinga

Xiaomi unveiled its second electric vehicle, the YU7 SUV, according to CNBC. The company claims it has a driving range of 472 miles, surpassing Tesla’s Model Y in China. Positioned as a luxury SUV, the YU7 is expected to erode Tesla’s market share, according to Citi analyst Jeff Chung. Citi expects the YU7 to be priced between $34,700 and $44,420, with projected annual sales reaching 360,000 units. The YU7 is positioned to compete with Tesla’s Model Y, with Xiaomi set to reveal its price at the official launch in July.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Naomi unveiled its second electric vehicle, the YU7 SUV, according to CNBC.

00:08The company claims it is a driving range of 472 miles, surpassing Tesla's Model Y in China.

00:13Positioned as a luxury SUV, the YU7 is expected to erode Tesla's market share,

00:17according to city analyst Jeff Chung.

00:20The city expects the YU7 to be priced between $34,700 and $44,420,

00:26with rejected annual sales reaching up to 360,000 units.

00:30The YU7 is positioned to compete with Tesla's Model Y,

00:33which Naomi is set to reveal its price at the official launch in July.

00:37For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Comments

Recommended