China’s Xiaomi to launch new SUV in mid-2025 amid rising demands
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Xiaomi's first electric vehicle, the SU7 sedan, is parked next to the new YU7, with the two cars sporting similar designs.
PHOTO: LEI JUN/X
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BEIJING - Chinese electronics maker Xiaomi said on Dec 9 that it expects to launch its first sport utility vehicle (SUV), the YU7, next June or July as it ventures deeper into China’s competitive auto market.
The company announced the launch on Chinese social media platform Weibo alongside an image of the YU7 parked beside its first electric vehicle, the SU7 sedan, with the two cars sporting similar designs.
Information posted by China’s Ministry of Industry and Information Technology showed the YU7 is a pure electric SUV boasting a top speed of 253kmh.
The car will be powered by batteries produced by a unit of Chinese company CATL.
Xiaomi’s chief executive Lei Jun said on his Weibo account that the key specifications for the YU7 were disclosed early to allow “more comprehensive and extensive large-scale testing” over an extended period.
In November, Xiaomi raised its electric vehicle delivery target for the third time to 130,000 units in 2024 to meet surging demand.
The smartphone and electronic device maker entered China’s crowded electric vehicle market in March with the launch of the SU7 series, a Porsche lookalike with a starting price of less than US$30,000 (S$40,170).
In October, the company unveiled a luxury variant of the SU7, priced to rival Tesla’s Model S Plaid, while touting its performance with a record lap time at Germany’s gruelling Nurburgring track.
Xiaomi reported a 30.5 per cent jump in its third-quarter revenue in 2024, surpassing analysts’ estimate.
China’s car sales grew at its fastest pace since January, boosted by government-subsidised auto trade-ins. REUTERS
