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XIAOMI-W Launches YU7 GT Starting at RMB389,900; Lei Jun: Losing to Tesla Model Y in Debut Not Shameful
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XIAOMI-W (01810.HK) held a new product launch event, where founder Lei Jun officially unveiled the new Xiaomi YU7 family, adding two models - Xiaomi YU7 GT and YU7 Standard alongside the Xiaomi 17 Max, Xiaomi open-ear earbuds and several new home appliance products. The YU7 GT is priced from RMB389,900, while the YU7 Standard starts from RMB233,500. Responding to the YU7's direct challenge to the Model Y, Lei said the YU7 Standard is priced RMB30,000 below the standard version of Tesla, Inc. (TSLA.US) Model Y. He noted that in its initial head-to-head competition with the Model Y, the YU7 recorded eight losses and two wins, but said there is no shame in losing to the global sales champion. As long as the company never gives up and continues to improve, he believes it will eventually win one day. AASTOCKS Financial News |
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