Xiaomi is set to launch its first electric SUV model next summer, aiming to rival Tesla's Model Y.The launch is scheduled for June or July, coinciding with Xiaomi's unveiling of new flagship phones.Xiaomi's second EV model, named YU7, is undergoing road tests and shares a design similar to the SU7.The YU7 is expected to have a higher price range than the base Model Y, with advanced driver assistance features.