Lei Jun, the billionaire cofounder of Chinese tech giant Xiaomi, launched an electric SUV that could be a strong competitor ...

Xiaomi's new YU7 EV, priced just under Tesla's Model Y, garnered over 200,000 orders in minutes, hitting 289,000 in an hour.

Xiaomi has confirmed receiving over 200,000 real orders for its Tesla killer, the YU7, in just three minutes. We ...

The company’s electric vehicle division said later on its official Weibo account that there had been 289,000 pre-orders for ...

Its YU7 SUV is intended to compete with Tesla’s Model Y in China. Read more at straitstimes.com. Read more at ...

Xiaomi founder Lei Jun attacked Tesla head-on during a Thursday launch event, stacking his vehicle against the Model Y ...

Chinese EV and smartphone maker Xiaomi on Thursday priced its new electric YU7 SUV from 253,500 yuan ($35,364), almost 4% ...

Xiaomi’s shares hit a record high after the Beijing-based smartphone maker sold 200,000 electric vehicles in three minutes, ...

Lei Jun, founder and CEO of the electronics-turned-car company, said he was astonished by the reaction from customers.

Chinese smartphone company Xiaomi priced its luxury YU7 SUV within expectations — but undercut Tesla’s Model Y.

Shares of the firm founded by billionaire Lei Jun are within striking distance of a fresh record in Hong Kong after a 64 per ...