DeFi Daily News
Wednesday, July 23, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Markets Stock Market

rewrite this title Xiaomi shares soar to record highs as its new EV that undercuts Tesla draws strong response

Evelyn Cheng by Evelyn Cheng
June 26, 2025
in Stock Market
0 0
0
rewrite this title Xiaomi shares soar to record highs as its new EV that undercuts Tesla draws strong response
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

People check out an electric SUV Xiaomi YU7 at a Xiaomi Store in Hangzhou in east China’s Zhejiang province Thursday, June 26, 2025.

Feature China | Future Publishing | Getty Images

Hong Kong-listed shares of China’s Xiaomi surged over 5% to hit a record high on Friday, a day after its electric car drew a strong response from customers.

The consumer electronics company, a relatively newer player in the EV market, took aim straight at rival Tesla with its new electric luxury vehicle, YU7. The SUV’s pricing starts at 253,500 yuan ($35,322), CEO Lei Jun said Thursday, pointing out that the vehicle was 10,000 yuan cheaper than Tesla’s Model Y, which starts at 263,500 yuan in China.

The YU7 received more than 200,000 orders within just three minutes of its launch, Xiaomi said.

Prior to the official price announcement, a Citi report had listed expectations that the YU7 SUV would be priced around 250,000 yuan to 320,000 yuan ($34,800 to $44,590), forecasting monthly sales of about 30,000 units. Once the pace picks up, Citi predicts annual sales of 300,000 to 360,000 units.

Xiaomi’s company’s SU7 sedan launched last year was also priced below Tesla’s Model 3.

Lei on Thursday claimed the YU7 beat Tesla’s Model Y on a range of metrics, but still came short on driver assist. The YU7 comes with driver-assist software, the most advanced version of which is powered by Nvidia’s Thor chip. Pre-sales start at 10 p.m. on Thursday, with deliveries expected within one to five weeks.

Features

Xiaomi had initially said it would launch its YU7 in July. The earlier event takes place amid an intensifying electric car price war.

Xiaomi revealed its YU7 SUV in late May, less than a year after launching its first electric car, and claimed the vehicle would have a driving range of at least 760 kilometers (472 miles) on a single charge.

That’s well above the 719 kilometers advertised for Tesla’s extended-range Model Y. Driving range has been a selling point for consumers worried about frequent battery charging.

While Xiaomi has not promoted its artificial intelligence as much as other consumer brands, Thursday’s launch event showcased several AI car features, such as allowing drivers to change a song using hand motions, or ask a phone app to describe where the car is parked.

The YU7 also supports Apple Car Play and Apple Music, Lei said.

Smart glasses

The Chinese smartphone and home appliance company launched several other products on Thursday, including highly-anticipated artificial intelligence-connected glasses.

The AI glasses, which rival Meta’s Ray Bans smart offering, can change the tint of the lenses and scan a QR code to make payments, mimicking China’s mobile smartphone apps. Xiaomi also announced similar features to those of the Meta glasses, such as being able to take photos and videos, as well as use interactive AI to identify a flower or translate text.

Xiaomi’s AI glasses start at 1,999 yuan ($279). A Xiaomi spokesperson said there were currently no plans to sell the glasses overseas. Meta’s version isn’t officially sold in China.

Weekly analysis and insights from Asia’s largest economy in your inbox
Subscribe now

— CNBC’s Ying Shan Lee contributed to this report

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: DrawshighsRecordResponserewriteSharesSoarstrongTeslatitleundercutsXiaomi
ShareTweetShare
Previous Post

rewrite this title Is the Prostate Cancer Plot on ‘And Just Like That’ Realistic?

Next Post

Prosecutors make closing arguments in Diddy trial | LiveNOW from FOX

Next Post
Prosecutors make closing arguments in Diddy trial | LiveNOW from FOX

Prosecutors make closing arguments in Diddy trial | LiveNOW from FOX

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
Tottenham Express Interest in Buying English Star as Club Considers Selling Him

Tottenham Express Interest in Buying English Star as Club Considers Selling Him

September 28, 2024
rewrite this title RTX 5050, 5060, 5060 Ti spotted in records

rewrite this title RTX 5050, 5060, 5060 Ti spotted in records

February 18, 2025
rewrite this title Bitcoin Evolution: From A Tech Asset To Digital Gold Standard – Anthony Scaramucci | Bitcoinist.com

rewrite this title Bitcoin Evolution: From A Tech Asset To Digital Gold Standard – Anthony Scaramucci | Bitcoinist.com

July 23, 2025
rewrite this title with good SEO Mercurity Fintech Secures 0M From Solana Ventures For Digital Treasury Initiative | Bitcoinist.com

rewrite this title with good SEO Mercurity Fintech Secures $200M From Solana Ventures For Digital Treasury Initiative | Bitcoinist.com

July 23, 2025
rewrite this title and make it good for SEOTesla misses Wall Street expectations on revenue, earnings per share in second quarter earnings

rewrite this title and make it good for SEOTesla misses Wall Street expectations on revenue, earnings per share in second quarter earnings

July 23, 2025
rewrite this title Day 10: 0 Savings Challenge (a  date with Kierstyn!)

rewrite this title Day 10: $100 Savings Challenge (a $1 date with Kierstyn!)

July 23, 2025
rewrite this title How to play Jurassic Blocky

rewrite this title How to play Jurassic Blocky

July 23, 2025
rewrite this title Ethereum Price On The Verge: Banks And State Buy To Push ETH Above ,500?

rewrite this title Ethereum Price On The Verge: Banks And State Buy To Push ETH Above $5,500?

July 23, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.