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Xiaomi may delay launch of first SUV, source says
Xiaomi plans to delay the launch of its first electric SUV, YU7, to August instead of June or July. This postponement is attributed to parts modifications. The YU7, larger than the Tesla Model Y, is expected to cost about RMB 250,000 ($34,187). This decision follows a fatal crash involving its SU7 sedan that killed three in March.
Key points
- Xiaomi is delaying the YU7 SUV launch by one month, now set for August.
- The delay is due to changes in parts for the vehicle.
- The YU7 is slightly larger than the Tesla Model Y and has a longer driving range.
- The expected starting price of the YU7 is RMB 250,000 ($34,187).
- The delay follows a serious crash of a Xiaomi SU7 sedan that resulted in three fatalities.
Why it matters
- The trend of electric vehicle (EV) development is critical as manufacturers adapt to market demands and safety concerns.
- The delay reflects the growing importance of vehicle safety in light of recent accidents impacting consumer trust.
- Xiaomi's entry into the EV market aligns with the increasing competition among tech companies and traditional automakers.
- By 2025, the EV market is anticipated to see even more significant innovations as companies focus on improving safety, performance, and driving range.
The delay in Xiaomi's YU7 launch highlights the challenges in the rapidly evolving EV market, reflecting the need for careful vehicle testing and safety assurance in light of recent incidents.