Xiaomi launched the YU7 True Standard Edition at 233,500 yuan, undercutting the cheapest Tesla Model Y in China by 30,000 yuan. The new variant provides 643 km on the CLTC cycle, compared with 593 km for the rear-wheel-drive Model Y. The vehicle keeps air suspension and LiDAR as standard, features not offered on the Model Y at any price. The update reduces cost without visible compromise by using a smaller 73 kWh CATL lithium iron phosphate battery instead of the 96.3 kWh pack. A single rear motor delivers 235 kW, and kerb weight drops by 115 kg to 2,200 kg, helping maintain range. The pricing change follows a sales peak and subsequent decline after initial strong demand.
"At Xiaomi's "Human x Car x Home" launch event on 21 May, the founder and CEO unveiled the YU7 True Standard Edition, a new entry-level variant of the company's electric SUV priced at 233,500 yuan (approximately $34,300). That is 30,000 yuan ($4,350) cheaper than the cheapest Tesla Model Y in China, which starts at 263,500 yuan. The previous base YU7, now renamed the Long Range edition, started at 253,500 yuan, only 10,000 yuan ($1,450) below Tesla."
"The more interesting number is range. The new YU7 Standard Edition delivers 643 kilometres on the CLTC cycle (approximately 399 miles), compared to 593 kilometres (368 miles) for the equivalent rear-wheel-drive Model Y. Xiaomi is offering more range for substantially less money, and doing so with a vehicle that still includes air suspension and LiDAR as standard, features Tesla does not offer at any price point on the Model Y."
"The technical changes are focused on cost reduction without visible compromise. The new variant uses a smaller 73 kWh lithium iron phosphate battery from CATL, down from the 96.3 kWh pack in the Long Range edition. A single rear motor produces 235 kW. The kerb weight drops by 115 kilograms to 2,200 kg, which partly explains how a smaller battery delivers competitive range. The SUV's five-metre exterior dimensions are unchanged."
"The pricing move is a response to a sales trajectory that peaked and then dropped sharply. The YU7 launched on 18 June 2025 and secured more than 200,000 firm orders within three minutes, creating a waitlist that stretched nearly a year. By 30 April 2026, Xiaomi had delivered 232,000 YU7 units in ten"
Read at TNW | China
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