<ul><li>Xiaomi has launched an electric crossover SUV, YU7, aiming to challenge Tesla's Model Y in the market.</li><li>YU7 boasts a driving range of up to 835km for the basic edition, expected to compete with Model Y in terms of range.</li><li>Analysts predict that YU7 could 'significantly erode' Model Y market share in China; pricing to be announced in July.</li><li>Tesla, although the previous market leader in China's premium EV market, has seen a decline in sales amidst competition from Xiaomi and BYD.</li></ul>

Xiaomi Challenges Tesla Model Y With YU7 Electric SUV

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