During Xiaomi's 15th-anniversary strategic new product launch event on May 22, founder Lei Jun debunked rumors circulating among netizens that the Xiaomi YU7 would carry a price tag of 199,000 yuan. Instead, he emphasized that the car's specifications are on par with those of the Tesla Model Y, suggesting a more likely selling price exceeding 300,000 yuan. Lei Jun further announced that the Xiaomi YU7, a medium to large-sized coupe SUV, will make its official debut in July, at which time the exact pricing will be revealed. As Xiaomi Automobile's second mass-produced vehicle, the YU7 is anticipated to commence pre-sales immediately following the launch event.
