Xiaomi takes aim at Tesla's bestselling car in China with its longer-range YU7
1. Xiaomi launched its YU7 SUV targeting Tesla's Model Y market share. 2. YU7 has a driving range of 760 km, exceeding Tesla's Model Y. 3. Citi forecasts YU7 sales could reach 300,000-360,000 units annually. 4. Model Y ranks low in April sales compared to other EVs in China. 5. Xiaomi's YU7 pricing will compete directly with Tesla's Model Y.