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There are a number of very thrilling electrical automobile startups in China. Naturally, BYD is king of the hill and can stay there for a very long time, however a number of others are doing exceptionally nicely if we examine them to automakers elsewhere. However Xiaomi is de facto totally different. Because the second-largest smartphone producer on the earth, Xiaomi has quickly shot up the EV gross sales charts. It’s just like what many people assumed would occur when Apple was engaged on a automotive (a really long-term venture that appears to lastly be fully over).
You may learn background on Xiaomi’s gorgeous rise right here. (I like to recommend it.) However we’ve bought some updates now, too. To begin with, the corporate not too long ago raised its 2024 gross sales goal for the third time … after launching into EV gross sales in March. Xiaomi plans to promote 130,000 autos this 12 months. 130,000 autos in its first 12 months in the marketplace, or simply first 10 months even. That’s gorgeous.
Secondly, the corporate has introduced its subsequent mannequin, the YU7. The YU7 can be Xiaomi’s first SUV. Its first (solely present) mannequin is the SU7, and the 2 fashions rhyme in terms of model as nicely. The YU7 is anticipated to hit the market in June or July 2025. The SU7 is available in at a beginning worth beneath $30,000. Presumably, the YU7 may also be a semi-affordable EV for the lots, only a bit bigger and somewhat bit dearer.
Unquestionably, the Yu7 can be a scorching commodity and can shortly discover itself among the many prime EV sellers in Europe, and the world.
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