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Tesla Model Y meets new competition from Xiaomi
- Xiaomi founder Lei Jun unveiled the upcoming SUV, YU7, which will compete with Tesla Model Y in the Chinese auto market next year.
- Xiaomi SU7 sales are expected to start by the summer of 2025.
- Xiaomi has not released specific details about the YU7 yet.
- Xiaomi's first electric vehicle, the SU7, has seen unexpected success with increased delivery targets.
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