Xiaomi's Tesla Model Y Rival YU7 SUV Launching Soon!

Xiaomi Set to Officially Launch YU7 SUV on June 26th, Aiming to Rival Tesla Model Y

Get ready, tech and auto enthusiasts! Xiaomi is gearing up to officially launch its highly anticipated first SUV, the YU7, on Thursday, June 26th. Xiaomi EV, the electric vehicle arm of the smartphone giant (HKG: 1810, OTCMKTS: XIACY), made the announcement via Weibo, promising a launch event packed with exciting reveals.

Mark your calendars: The launch event is scheduled to kick off at 7:00 pm on June 26th.

But that's not all! The event will also showcase other innovative products, including:

• The Xiaomi MIX Flip 2 foldable smartphone
• The Xiaomi Pad 7S Pro, boasting Xiaomi's in-house developed Xring O1 chip

According to Xiaomi's founder, chairman, and CEO, Lei Jun, a "personal smart device for the next generation" will also be unveiled. Talk about a jam-packed event!

The star of the show, of course, is the YU7. This electric SUV is poised to be a strong contender against the Tesla Model Y. Xiaomi initially debuted the YU7 on May 22nd, with Lei Jun hinting at a July launch. However, the schedule has been moved forward, with Lei announcing on June 16th that the launch would occur by the end of June.

Pricing for the YU7 remains a closely guarded secret, with the final figures to be determined just one or two days before the launch. Lei Jun addressed speculation at an investor conference on June 3rd, stating that the starting price wouldn't be a mere RMB 20,000 ($2,780) higher than the SU7 electric sedan, nor would it be the rumored RMB 235,900. This leaves us all eagerly anticipating the official announcement!

Xiaomi's entry into the EV market has already been a resounding success with the SU7, their first EV model, which debuted on March 28, 2024. Priced starting at RMB 215,900, the SU7 is positioned as a rival to the Tesla Model 3. Despite being a relative newcomer to China's competitive EV landscape, Xiaomi has quickly gained traction.

The demand for the SU7 is so high that customers are currently facing wait times of up to 51 weeks, according to information from the Xiaomi EV App.

Here's a quick recap of the SU7's impressive performance:

• Over 28,000 units delivered in May
• Eighth consecutive month with monthly deliveries exceeding 20,000 units

Early indications suggest the YU7 is even more popular than the SU7 was at its launch. Xiaomi president Lu Weibing revealed during an earnings call on May 27th that the YU7 has received even warmer reception. As of May 25th, the number of users who paid a deposit to reserve the SUV was approximately three times that of the SU7 during the same period!

The future looks bright for Xiaomi EV. With the launch of the YU7, the company is poised to further disrupt the electric vehicle market and challenge established players like Tesla. Be sure to tune in on June 26th for the official unveiling!

With innovative products and a strong commitment to customer satisfaction, Xiaomi is proving itself to be a force to be reckoned with in the rapidly evolving world of electric vehicles. The YU7 launch promises to be a significant milestone, and we're excited to see what the future holds for Xiaomi EV.

Tags: Xiaomi YU7, Xiaomi EV, Electric SUV, Tesla Model Y, Xiaomi MIX Flip, Xiaomi Pad, Xring O1 chip, Lei Jun, EV launch, Xiaomi event

Source: https://cnevpost.com/2025/06/23/xiaomi-to-launch-yu7-jun-26/