Xiaomi unveiled its second electric vehicle, the YU7, a luxury high-performance SUV set to compete with Tesla's Model Y in China.
Morgan Stanley analysts predict the YU7 could pose a significant threat to Tesla in China, where Tesla has been facing challenges amid tough local competition.
The YU7 boasts high-tech features, a maximum speed of 253 km/h, range of 835km, and fast charging capabilities, highlighting Xiaomi's advancement in the EV market.
Xiaomi's aggressive EV strategy includes plans to enter overseas markets by 2027, with its previous EV, the SU7, receiving positive reviews despite some challenges faced.