Huawei's Richard Yu hinted that Xiaomi's EVs are not as good as the cars from brands backed by Huawei, but they're getting high sales.
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Category: Xiaomi EV
This marks the eighth consecutive month that Xiaomi EV has seen monthly deliveries exceed 20,000 units.
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On May 29, the YU7 will be available in 13 stores in Beijing, Xiaomi EV said.
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This means that the Xiaomi SU7 Ultra has seen a net increase of around 13,000 units in locked-in orders over the past roughly three months.
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Xiaomi's innovative businesses, which include EV and AI, posted a gross margin of 23.2 percent in the first quarter, up from 20.4 percent in the fourth quarter last year.
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Xiaomi will showcase the YU7 at the Shenzhen auto show starting this weekend, which will mark the debut of its first SUV model at an auto show.
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Deutsche Bank expects Xiaomi to deliver 100,000 YU7 SUVs and 280,000 SU7 sedans in 2025.
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The Xiaomi YU7 SUV will be launched in July, and surpasses the Tesla Model Y in multiple fronts.
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The official pricing of the YU7 won't be announced at today's pre-launch event and its pre-orders won't be open.
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Xiaomi EV has unveiled Xiaomi HyperVision, which it says is a more intuitive visual interaction system.
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