Chinese EVs: Xiaomi accelerates launch of Tesla Model Y rival YU7

Source: China – South China Morning PostChinese smartphone and car maker Xiaomi has moved up the launch of its latest electric vehicle (EV) model amid strong consumer interest in the SUV, which is seen as a potential challenger to the dominance of Tesla’s Model Y.
Sales of the YU7, the Beijing-based company’s second production model, would start at the end of this month instead of in July as previously planned, founder and CEO Lei Jun said in a post on Chinese social media platform Weibo on Monday.
“We are making the preparations, and…Read More

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