In the evening of May 22, Xiaomi unveiled its first SUV model, the YU7. At the launch event, Lei Jun addressed the pricing concerns, stating that the rumored price of 199,000 yuan was unrealistic. Given the YU7's configuration, which rivals that of the Tesla Model Y, Lei Jun anticipates a selling price within the upper 300,000 yuan range. He further disclosed that the Xiaomi YU7 will officially hit the market in July this year, with the exact selling price to be announced at that time.
