XIAOMI(HK:01810) Sou Hu Cai Jing·2025-05-23 13:29Core Insights - Xiaomi held its 15th anniversary strategic product launch event on May 22, with significant attention on the Xiaomi YU7 model, although the specific price was not disclosed by founder Lei Jun [1][3] - Lei Jun indicated that the YU7 is expected to officially launch in July, and he refrained from announcing the official price or initiating pre-orders [3] Product Features - The Xiaomi YU7 features a luxurious dual-zone surround cockpit with Nappa leather seats, zero-gravity front seats, and a panoramic display with advanced projection technology [6][7] - It boasts a powerful driving experience with dual motors, all-wheel drive, and a maximum power output of 508 kW, achieving 0-100 km/h in 3.23 seconds [8][9] - The YU7 is equipped with advanced safety and performance technologies, including laser radar, 4D millimeter-wave radar, and a 96.3 kWh lithium iron phosphate battery, offering a maximum range of 835 km [12] Competitive Positioning - Lei Jun compared the YU7 to Tesla's Model Y, asserting that the YU7 surpasses the Model Y in several aspects, including range and performance [14] - The anticipated pricing for the YU7 is expected to be higher than the Model Y, which starts at 263,500 yuan, with industry predictions placing the YU7's price between 250,000 and 300,000 yuan [14][16] - The entry of the YU7 into the competitive domestic electric SUV market is expected to create significant impact, although it may not drastically affect Model Y's sales due to the high growth potential of the SUV market [18]