Headline: UNCAPTIONED: Xiaomi's YU7 SUV Stuns Market, Puts Tesla on Defense in China
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Xiaomi's YU7 SUV Stuns Market, Puts Tesla on Defense in China. Xiaomi is shaking up the electric vehicle world once again. The tech giant's latest EV, the YU7 SUV, racked up a stunning 289,000 orders in just one hour—blowing past expectations and tripling the debut numbers of its earlier SU7 sedan. Starting at around $35,000, the YU7 undercuts Tesla's Model Y by nearly 4%, while boasting better specs. Analysts say this could put even more pressure on Tesla, whose market share in China has dropped from 15% in 2020 to just 7.6% this year. Experts suggest Tesla may be forced to slash prices, offer free self-driving software, or add more financing perks to stay competitive. Xiaomi's shares jumped as much as 8% after the announcement, hitting a record high. The company has now become Asia-Pacific's top-performing large-cap stock in 2025, valued at nearly $200 billion. The EV wars in China are clearly heating up.
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Keywords: Xiaomi,YU7 SUV,EV,289,000 pre-orders,SU7 sedan,$35,000,competing with Tesla,Model Y,market share decline,China,Tesla price cuts,free self-driving software,financing perks,Xiaomi stock up 8%,record high,top-performing large-cap stock in Asia-Pacific,$200 billion valuation,EV war,Chinese market.
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