Xiaomi won more orders than expected for its new YU7 electric sports utility vehicle in the first hours after it went on sale, sending the company's shares up 8% to an all-time high. The Chinese EV and smartphone maker on Thursday priced its new electric YU7 SUV from 253,

China’s Xiaomi Corporation launched its eagerly anticipated YU7, its first battery-powered SUV model, a major milestone in the development of the consumer electronics giant’s automotive business. According to local reports,

Xiaomi has launched the YU7 SUV, priced at 253,500 yuan, targeting Tesla's Model Y. The vehicle features advanced tech and strong performance, with over 200,000 pre-orders in three minutes.