Chinese Automaker Increases Stakes in Competition Against Tesla with Mega-Cheap Model: 'To Become a Serious Player in the Mass-Market EV Segment'

Tesla Cuts $20,000 Off Model Y to Stop Freefalling Sales

In an effort to boost sales, the Model Y’s price has just been cut by 23.5% to $64,990, a reduction of $20,000.

Chinese automaker increases stakes in competition against Tesla with mega-cheap model: 'To become a serious player in the mass-market EV segment'

After Tesla's new Model Y had consumers shocked by its lowered price, Chinese technology company Xiaomi dropped even lower prices on its new SUV. According to Reuters, Xiaomi "priced its new electric YU7 SUV from 253,500 yuan ($35,364), almost 4% below Tesla's Model Y." The details surrounding the…

12 ways the Xiaomi YU7 outdoes the Tesla Model Y

The debut of the Xiaomi YU7 came and went like a storm, but the dust still hasn't settled. The deeper we look into this Chinese revolutionary SUV, the more we discover. And although it is larger than Tesla Model Y, nobody has a shadow of a doubt that Xiaomi picked Tesla's SUV as its main rival. And the newcomer certainly looks prepared for the battle, brining a number of innovations and creature comforts that are absent in the popular Model Y. T…