Tesla(US:TSLA) Benzingaยท2025-09-27 05:20Core Insights - Xiaomi Corp. has purchased three Tesla Model Y cars for detailed analysis, with CEO Lei Jun discussing the disassembly process to study each component [1] - Lei Jun compared the Tesla Model Y with Xiaomi's YU7 electric SUV, highlighting the YU7's advantages such as faster charging times [2] Direct Competition Assessment - Lei Jun stated that if consumers do not choose the YU7, they might consider the Model Y, acknowledging the latter as an impressive vehicle [2] - The YU7 features an 800V architecture, enabling it to charge to 80% in just 13 minutes, compared to the Model Y's 18 minutes [2] Market Performance Data - Tesla's sales in China decreased by 4% year-over-year, totaling 83,200 units in August, as reported by the China Passenger Car Association [4] - Local competitors, including Xiaomi, are providing more affordable electric vehicles, intensifying competition against Tesla [4] Strong Pre-Order Results - Xiaomi's YU7 received over 240,000 preorders within 24 hours of its launch in June, indicating strong market interest [5] - Lei Jun emphasized that the YU7's design is comparable to the Model Y, showcasing its performance relative to its price [5] - Xiaomi's stock price fluctuates between $20.35 and $61.45, with a market capitalization of 1.42 trillion Hong Kong dollars and an average daily trading volume of 142.88 million shares [5]