Founder and CEO of Xiaomi Automobile, Lei Jun, shared that his company won’t join the recently heated price war between carmakers in China. He also shed light on the brand’s upcoming YU7 electric SUV pricing. Its final cost will be finalized in 1 – 2 days ahead of the official launch ceremony.
The Xiaomi YU7 electric SUV made headlines after the official presentation held on May 22. The company disclosed lots of details about its first crossover. However, the starting price of this vehicle remained a secret. It sparked rumors about the Xiaomi YU7 pricing for the Chinese market. Some unofficial sources claimed it would cost 235,900 yuan (32,750 USD).
