GreenergyDaily

May. 19, 2025

1. China's Xiaomi will launch its highly-anticipated YU7 electric sports utility vehicle on Thursday, as well as other products, such as a mobile chip developed by the company, it said.

2. Analysts have touted the YU7 as a challenger to Tesla's best-selling Model Y in China, the world's largest auto market, and Xiaomi had disappointed fans last month by not showcasing the car at the Shanghai autoshow, according to Reuters.

3. Lei Jun, Xiaomi's founder and CEO, said on his Weibo account on Monday that the YU7 will be launched at the event alongside other products, such as the Xring O1 mobile chip and new Xiaomi 15S Pro smartphone.

4. Xiaomi began manufacturing EVs last year with the launch of the SU7 sedan after selling smartphones, household appliances and smart gadgets for most of its 15-year history. Since December, the SU7 sedan has outsold Tesla's Model 3 on a monthly basis.

5. Analysts say it is still outselling, but the company's orders for its SU7 sedan have fallen following a fatal accident in March involving an SU7.

6. Xiaomi's Hong Kong-listed shares closed up 2.65% today, taking their gain this year to more than 50%.