Core Insights - Xiaomi's CEO Lei Jun denied rumors about the starting price of the YU7 model, stating that the official pricing will be confirmed 1-2 days before the vehicle's launch [2] - The company is developing automotive chips and plans to launch them soon, emphasizing a non-price war strategy [2] - Xiaomi's automotive business losses are narrowing, with expectations to achieve profitability in Q3 or Q4 of this year [2] Group 1 - The YU7 will be available in three versions: YU7 (long-range rear-wheel drive), YU7 Pro (long-range all-wheel drive), and YU7 Max (high-performance all-wheel drive) [4] - The YU7 standard and Pro versions will feature a 96.3 kWh lithium iron phosphate battery, while the YU7 Max will have a 101.7 kWh ternary lithium battery [4] - The YU7 is currently on static display, with test drives expected to begin in July [4] Group 2 - The YU7's acceleration from 0 to 100 km/h is 3.23 seconds, while the standard version boasts a range of 835 km, the highest among mid-to-large electric SUVs [6] - Consumer interest is high, but many potential buyers are concerned about the competitive SUV market and the lack of test drive opportunities [6] - The current policy allows for a full tax exemption on electric vehicles priced under 330,000 yuan until the end of 2025, influencing purchasing decisions [7] Group 3 - The competitive landscape for electric SUVs in China is intensifying, with established models from BYD, Li Auto, and Tesla dominating the market [11] - Xiaomi's advantage lies in its ability to integrate smart ecosystems, and the success of the YU7 will depend on its performance in smart driving systems and pricing strategy [11] - The market is awaiting the official launch date and pricing for the YU7, which is seen as a crucial model for Xiaomi's automotive profitability [11]