The bank said that consumers will need to pay 5,000 yuan as a deposit for the YU7 model, which can be unconditionally refunded within seven days (in line with the policy at the time of the SU7's release). Although some orders have been converted from unfinished SU7 orders, the market demand of Xiaomi YU7 still far exceeds the expectations of the company and the market. In the first 24 hours, Xiaomi received 15,000 orders for the YU7, which indicates that Xiaomi will continue to consolidate its leading position in China's high-end car market.
According to the report, the retail prices of YU7 standard, Pro and Max versions are RMB 253,500, RMB 279,900 and RMB 329,900 (approximately US$35,000, US$39,000 and US$46,000), respectively, which is basically in line with expectations and remains highly competitive when compared with peers.
In addition, considering the best selling of Xiaomi SU7, YU7 has the following performance:1) Occupy an important position in the high-end SUV market:In China's high-end SUV market, the YU7 andTeslaModel Y, Li Auto L6 It surpasses its rivals in terms of size, interior space, drivability, powertrain and endurance support.2) Different from SU7:YU7 by providingluxury, balance of performance and comfort, and a comprehensive upgrade over the SU7 in every way, distinguishing it from the performance-oriented sedan SU7.3) Expanding Xiaomi Ecosystem:YU7 further expands Xiaomi's AI car and smart home ecosystem, enhancing the brand and ecosystem's appeal to consumers.