XIAOMI(HK:01810) Mei Ri Jing Ji Xin Wen·2025-09-26 06:03Core Viewpoint - Xiaomi's CEO Lei Jun emphasized the critical importance of the YU7 project, stating it serves as a last resort for the company's automotive ambitions if the SU7 fails [1][2]. Group 1: YU7 Project Overview - The YU7 project was initiated during a challenging period for electric vehicles, with only Tesla's models performing well in the market [1]. - Xiaomi made a bold decision to develop a unique sports SUV instead of following the trend set by competitors [2]. - The YU7 was launched on June 26, with three versions priced at 253,500 CNY, 279,900 CNY, and 329,900 CNY, making it 10,000 CNY cheaper than the Tesla Model Y [2]. Group 2: Sales Performance - The YU7 achieved remarkable pre-order numbers, with over 200,000 orders in just three minutes and 240,000 within 18 hours [3]. - Since deliveries began on July 6, over 40,000 units of the YU7 have been delivered by the end of August [6]. - The SU7 has also seen significant success, with cumulative deliveries exceeding 330,000 units by the end of August [6]. Group 3: Customization Services - Xiaomi announced the launch of a "Xiaomi Custom Service," allowing customers to customize various aspects of their vehicles, including paint, interior colors, and wheels [6]. - The custom service will initially support a limited number of customizations per month, with a minimum customization expenditure of 100,000 CNY [6].