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Xiaomi Creates History with 289,000 Reservations for Second EV · TechNode

Summary by TechNode
China’s flourishing, crowded electric vehicle market had been unusually quiet over the past few days until Thursday, when Xiaomi launched its YU7 crossover, considered by many to be a major challenge to the long-held global dominance of the Tesla Model Y. The consumer electronics giant broke records by securing more than 289,000 reservations with RMB 5,000 ($698) refundable deposits for its first sports utility vehicle in just one hour after its…

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PEKIN- After the announcement by Chinese technology Xiaomi of the launch of its new electric all-road (SUV), the YU7, the company received more than 289,000 bookings during the first hour after its official exit to the market.During the event, its CEO and founder Lei Jun revealed that after the launch only two minutes after the sales opened, more than 122,000 orders for its new electric vehicle had been processed.

A few weeks ago, Xiaomi unveiled its second model, the YU7. As soon as it was presented, it was already announced as one of the new references in its category. Yet, a crucial fact was missing: its price. The equation is now complete, since the order books for the Xiaomi YU7 have just opened. The electric SUV displays at a basic price of just over 30 000 euros. A complete range with three versions After a first overview a few weeks ago, we have a…

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Inside EVs broke the news in on Thursday, June 26, 2025.
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