Xiaomi takes aim at Tesla’s bestselling car in China with its longer-range YU7

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China’s Xiaomi is taking aim at Tesla’s bestselling car in China with the YU7 SUV due for launch this summer.
“We expect Yu7 would significantly erode Tesla Model-Y’s China market share,” Citi analyst Jeff Chung said in a report Sunday.
The YU7 is positioned as a “luxury SUV” and its sales could outperform that of Xiaomi’s SU7, research firm CLSA’s Elinor Leung said.

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