Xiaomi’s YU7 SUV sparks EV market shake-up with record orders
Xiaomi’s new YU7 electric SUV has made a dramatic entrance into the Chinese automotive market, registering an extraordinary 289,000 orders within its first hour on sale. This figure is nearly three times higher than the initial orders for Xiaomi’s debut electric sedan, the SU7, launched in March last year, and far exceeds market expectations of around 100,000 orders.
The surge in demand sent Xiaomi’s shares soaring to a record high, highlighting the company’s rapid ascent in the electric vehicle (EV) sector.