Xiaomi’s new YU7 undercuts Tesla Model Y by $4,350 with 50 km more ra… | HappeningNow.news

Energy · 23 views

Xiaomi’s new YU7 undercuts Tesla Model Y by $4,350 with 50 km more range

Xiaomi launched a new entry-level YU7 “Standard Edition” today priced at RMB 233,500 (~$32,400) — undercutting the Tesla Model Y by RMB 3…

Source Electrek Story Brief Updated May 21, 2026
Story intelligence Beta
Confidence Checking
Views 23 Community interest
Brief read 1 min ~76 words

Story Brief

Xiaomi launched a new entry-level YU7 “Standard Edition” today priced at RMB 233,500 (~$32,400) — undercutting the Tesla Model Y by RMB 30,000 ($4,350) while delivering 643 km of range versus the Model Y’s 593 km. CEO Lei Jun admitted onstage that the original YU7’s pricing was “not competitive enough” against Tesla, with only a RMB 10,000 (~$1,450) gap. The company also unveiled the 1,003-HP YU7 GT, which shattered the Nürburgring SUV record by 14 seconds.

Read full article on Electrek

More from Energy

Continue reading recent Energy coverage

Support HappeningNow

Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.

Support HappeningNow

Report an issue with this page