Xiaomi will officially unveil the YU7 electric crossover on May 22, 2025. The company's CEO Lei Jun said that the electric car will be shown during the presentation, which will also show the Xring O1 chip and the Xiaomi 15S Pro smartphone, Reuters reports.
Analysts believe that the Xiaomi YU7 will become a competitor to Tesla's most popular electric car in China - Model Y. The Chinese company first showed the YU7 in December 2024. At that time, it was also reported that the electric car will have a total of 508 kW or 691 hp. power, a maximum speed of 253 km/h and will cost about $35-40 thousand.
Jun also said in a separate post on Weibo that Xiaomi is investing 50 billion yuan (about $7 billion) in developing its own mobile chips. At the same time, 13.5 billion yuan has already been spent on the development of the Xring O1, and 2,500 employees have been involved in working on the chip.
Recall, it recently became known that sales of Xiaomi electric cars fell after a fatal accident and accusations of false advertising.