Tesla Rival Xiaomi's YU7 SUV Overtakes Model Y China Sales In January - Xiaomi (OTC:XIACY)

Group 1 - Xiaomi Corp. outsold Tesla Inc. in China's electric vehicle market in January, with the YU7 SUV delivering 37,869 units compared to 16,845 units for the Model Y [1] - The Model Y, which was the top seller in December, dropped to 20th place in January and fell from first to seventh among new energy vehicles [2] - The YU7 was launched in 2025 and is priced 10,000 yuan ($1,450) lower than the Model Y, which analysts expected would help Xiaomi capture market share from Tesla [3] Group 2 - Tesla experienced a sales slump in China, marking its first annual sales decline in December 2025, while Xiaomi's electric vehicle division gained momentum with the YU7's success despite a rocky start with the SU7 Ultra EV [4] - Xiaomi plans to expand internationally, targeting Europe next year [3]