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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 30,000 ($4,350) while delivering 643 km of range versus the Model Y’s 593 km.
Summary
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.
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