US EditionXiaomi's YU7 Car Buyers Face Year-Long Wait for Delivery, Sparking Complaints
- Last week, Xiaomi launched the YU7 SUV aiming to outsell Tesla's Model Y, with CEO Lei Jun stating confidence in achieving this goal.
- Facing Tesla's dominance, Xiaomi priced the YU7 at 4% below Model Y, aiming to challenge Tesla’s leading sales of over 480,000 units annually in China.
- Xiaomi’s YU7 received over 200,000 pre-orders within three minutes, boasting an 835 km range compared to Tesla's Model Y's 593 km, highlighting strong market demand and technical competitiveness.
- Xiaomi shares rose about 10% to $39.54 after the YU7 launch, reflecting investor optimism amid record pre-orders and competitive pricing strategies.
- Looking ahead, analyst Rosalie Chen says the YU7's mass-market test will determine Xiaomi’s long-term success beyond early adopters.
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Xiaomi's YU7 car buyers face year-long wait for delivery, sparking complaints
SHANGHAI: China's Xiaomi is telling customers of its new YU7 electric sports utility vehicle they will have to wait more than a year to receive their cars, sparking a fresh wave of complaints against the company. The smartphone turned EV maker said it received roughly 240,000 orders for the YU7 in
Xiaomi's new car has reached 200,000 pre-orders in three minutes. The three electric versions offer up to 681 horsepower and a range of 760 km.
Xiaomi's newly-launched YU7 reportedly being swiped by scalpers · TechNode
Scalpers are swiftly capitalizing on the high demand for Xiaomi’s newly-launched YU7 crossover in China, listing early reservations at exorbitant prices immediately after sales began for the smartphone maker’s second electric vehicle model on June 26. Xiaomi asks customers who decide to order a YU7 to put down a RMB 5,000 ($698) refundable deposit, and within minutes of the launch, Chinese resale platform Xianyu featured Xiaomi YU7 orders priced…
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