Xiaomi says it received over 200,000 orders for a new car it priced just below Tesla's Model Y in 3 minutes

Xiaomi launched a car just slightly cheaper than Tesla's Model Y, and it has already attracted hundreds of thousands of buyers. In a Weibo post on Thursday, the Chinese smartphone and electric vehicle maker said it received over 200,000 orders for the YU7 car within three minutes of its launch in Beijing.Within an hour of the sale starting, it had more than 289,000 orders for the car, Xiaomi wrote in a second Weibo post. The car, which retails starting at $35,000, intends to compete with the Model Y, Chin ...