YU7 debut frenzy: Xiaomi's newly launched SUV receives nearly 300,000 orders in an hour; shares hit record high

Xiaomi's YU7 electric SUV launch has ignited the Chinese EV market, securing 289,000 pre-orders within the first hour and propelling the company's stock to record highs. The YU7, priced competitively below Tesla's Model Y, boasts superior range and advanced tech features. This launch aligns with China's strategy to become a major consumption powerhouse, further intensifying the EV price war.

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