• $1810 (+1,73%) Xiaomi's YU7 SUV is priced 4% below Tesla's Model Y in China

• YU7 orders reach 200,000 in 3 minutes

• The range of the YU7 is up to 835 km, compared to up to 719 km for the Model Y

Chinese electric car and smartphone maker Xiaomi on Thursday priced its new YU7 electric SUV at 253,500 yuan, almost 4 percent lower than Tesla's Model Y, stepping up the challenge for the US company in the world's largest car market.

The base model of the YU7 costs 10,000 yuan less than the starting price of Tesla's Model Y in China, while the premium models YU7 Pro and YU7 Max cost 279,900 and 329,900 yuan respectively.

Xiaomi began accepting orders for all three models on Thursday night, with the number of orders reaching 200,000 within 3 minutes of the sales launch at 10 p.m. (1400 GMT)

The Model Y, which was the best-selling SUV in China in May, starts at 263,500 yuan in China.

Xiaomi said it will work with BYD, GAC Toyota and Zhengzhou Nissan to build an ecosystem that connects people, homes and cars.

The CEO and founder of Xiaomi, Lei Jun, has said he wants the YU7 to challenge the Model Y, and analysts say it has the potential to be successful. Other competitors include the 7X from Zeekr and the L6 from Li Auto.

"The YU7 will be an early test of whether Xiaomi can broaden its appeal beyond early adopters and tech enthusiasts to become a serious player in the mass-market EV segment," said Rosalie Chen, senior analyst at Third Bridge.

The YU7 has a range of up to 835 km (519 miles) per charge, compared to up to 719 km for the redesigned Model Y, which was unveiled in January.

The YU7 is Xiaomi's second car since the Beijing-based company entered the automotive sector last year with the SU7, a sporty electric sedan inspired by Porsche's design and priced below Tesla's Model 3. Since December, the SU7 has outperformed Tesla's Model 3 in China on a monthly basis.

The SU7's success is accelerating the company's EV lineup despite strong competition in the Chinese car market.

In March, Xiaomi raised its target for electric car deliveries this year to 350,000 units from an earlier forecast of 300,000.

The company has secured a plot of land in Beijing near its existing car factory for 635 million yuan ($88 million), which it plans to use for a smart connected car and component project.

Lei said in June that he expected Xiaomi's car business to become profitable in the second half of the year.

Buying opportunity.

The presentation of the new electric car model YU7 gives a good boost to Xiaomi's share price.

You are just in time for the stock to take off.

I entered very cautiously and with little money less than a week ago, waiting for this presentation in July, I already plan to increase after this advance.

Hello,

I am in a portfolio change phase, looking to have a globally spread arrangement, with variety in geographic diversity and ETF with important nuance in dividends (50% accumulation, 50% diversification).

In equities, I am opting for three European companies, one U.S. company and one Chinese company.

All of them, except the Chinese, have previously been in my portfolio and perform very well.

$CS (-0,55%)

$IDR (+5,11%)

$ENEL (-0,04%)

$T (+1,98%)

$1810 (+1,73%)

...

On the ETF side, I compensate for areas not covered such as emerging markets, Asia, the United Kingdom or funds such as MSCi World.

Any suggestions for improvement?

PS. The dividend part of my portfolio is resting until September, with several stocks on watch.

How do you feel about $9988 (-1,26%) and $1810 (+1,73%) ?

Is it worth keeping and possibly expanding them?

Tomorrow together,

I would like a brief evaluation and feedback on my portfolio.

The aim is to build up a solid fortune in the long term (30 years).

I currently save 500 a month, which only goes into ETFs.

Should I reallocate and sell the individual shares and invest the money in the ETFs?

Are $1810 (+1,73%) , $9988 (-1,26%) and $NKE (-1,83%) make sense for you?

What about the leveraged ETF? It's a bit of a gamble...

I'm open to anything.

Danke✌️

$1810 (+1,73%)

Xiaomi has won a tender to buy a plot of land in Beijing near its existing car factory for 635 million yuan ($88 million), which it plans to use for a smart connected car and components project, a city authority said on Thursday.

Winning the bid would make Xiaomi one of the few carmakers in China approved to expand capacity at a time when most of the sector is struggling with overcapacity.

Xiaomi said its new YU7 SUV is attracting more attention than the SU7 sedan, and on its app buyers have to wait up to 51 weeks to choose their Xiaomi car as the company ramps up production.

Xiaomi, the world's third-largest smartphone maker, launched the SU7 sedan last year and has been selling more vehicles per month than Tesla's Model 3 since December.

The success of the SU7 is expected to drive the company's EV offering despite intense competition in the world's largest car market.

Xiaomi has raised its target for EV deliveries this year from 300,000 to 350,000. The company had planned an annual production of 300,000 vehicles at its EV factory, which would be built in two phases.

The company will start taking orders for the YU7 from the end of June, CEO Lei Jun said on Wednesday. The market launch of the YU7 was previously scheduled for July.

The award of a 50-year lease for the 485,134-square-meter site was announced by the Beijing Municipal Commission of Planning and Natural Resources.

The land is located near the second

phase of Xiaomi's EV factory.

In response to a recent inquiry from Netizens, Xiaomi Auto mentioned $1810 (+1,73%)mentioned that the Xiaomi YU7 Standard and Pro models are equipped with 96.3kWh lithium iron phosphate batteries provided by FinDreams and CATL $3750 (-0,55%) while the Xiaomi YU7 Max is equipped with a 101.7kWh ternary lithium battery provided by CATL.

Xiaomi Auto emphasized that the car batteries will adhere to strict safety designs and high standards. All models, regardless of battery type, must meet the same safety standards and comply with the new national requirements for battery safety testing.

I have recently added the Xiaomi share $1810 (+1,73%) in my portfolio because I expect a very positive development here. Not only in the area of cell phones, but also in terms of e-mobility. I'm excited to see how the new SU7 performs on the market.

Quote from Bianca Karloff, Autobild: "Xiaomi wants more than just smartphones - and the SU7 Max is the proof. JP Performance shows that the Chinese electric car can do more than just look good. Performance, quality and design are right."

https://www.mi.com/de/discover/article?id=4081&srsltid=AfmBOoqX8aZk0qdB1ZePmezbipCtaf1UEDzOOgacUuYhrmXytWm9XHMq

The figures from $1810 (+1,73%) are good but $TSLA (-2,59%) is unstoppable . I would have liked to see this performance at $1810 (+1,73%) seen