Xiaomi's latest move aims to further challenge Tesla's dominance in the Chinese market with its affordable YU7 standard edition.
The new base model of the YU7 was planned three years ago but canceled at the last minute before the SUV's launch, only to be relaunched as a more competitive option.
Starting at 233,500 yuan ($34,410), the YU7 standard edition is significantly cheaper than Tesla's Model Y, which starts at 263,500 yuan in the Chinese market.
The new model features a 73.0-kilowatt-hour lithium iron phosphate (LFP) battery, offering a CLTC pure electric range of 643 kilometers and fast charging capabilities.
Buyers who place orders before June 30, 2026, can enjoy a five-year low-interest loan and free lifetime access to the HAD system.
The delivery pace for the YU7 series is exceptionally fast, with buyers able to receive their cars in as little as two hours for in-stock vehicles.
The Xiaomi CEO's admission that canceling this standard edition last year was a mistake highlights the company's commitment to delivering on its promises.
The relaunched version of the YU7 standard edition demonstrates direct competitive intent in both price and range, putting pressure on Tesla to respond.
Xiaomi's electric vehicle unit has already accumulated significant market recognition with the original launch of the YU7, which quickly gained popularity within 10 months of its release.
The new YU7 standard edition demonstrates direct competitive intent in both price and range.
