Tesla faces new challenges in China as Xiaomi's new YU7 electric SUV intensifies competition for Elon Musk's automaker.

SHANGHAI (Reuters) -Hong Kong-listed shares of Xiaomi opened up 8% on Friday, after the launch of a new electric car model.

The car, which starts at $35,000, intends to compete with the Model Y, China's most popular SUV, which starts at $36,760.

Exceptionally strong initial orders for Xiaomi's YU7 electric sport utility vehicle sent shares in the automotive newcomer to ...

Xiaomi's new YU7 EV, priced just under Tesla's Model Y, garnered over 200,000 orders in minutes, hitting 289,000 in an hour.

The optional Track Package adds another RMB 100,000, pushing the price to RMB 629,900. Meanwhile, the exclusive Nürburgring ...

Lei Jun, the billionaire cofounder of Chinese tech giant Xiaomi, launched an electric SUV that could be a strong competitor ...

The company said that it received 200,000 pre-orders for the YU7 in just three minutes after bookings opened at 10pm on ...

Xiaomi takes on Nürburgring with a vengeance, delivering record-breaking speed and carbon-fibre-loaded precision to EV ...

China’s Xiaomi Corporation launched its eagerly anticipated YU7, its first battery-powered SUV model, a major milestone in ...

Xiaomi has started sales of its second electric car model, the YU7. This also reveals the pricing: The Xiaomi YU7 is ...

The unveiling of Xiaomi Corp.’s first electric SUV on Thursday will showcase how the Chinese tech company has become an ...