After the presentation of the new electric car, Xiaomi shares rose by 8% (video)

Why did Xiaomi’s new YU7 SUV excite the market?

On June 26, 2025, tech giant Xiaomi introduced its second electric vehicle — the YU7 model. It should be noted that after the presentation of this new car, Xiaomi shares on the Hong Kong stock exchange rose by 8 percent. What is the reason for this?

What makes the YU7 different?

YU7 is a high-tech electric SUV, with a starting price of 253,500 yuan (about $35,360). Driver assistance features, autonomous driving technologies, and premium design equipment were highlighted as the most important aspects during the presentation.

Is it true that there were a lot of orders?

Yes, here is an interesting fact: just one hour after the presentation started, nearly 290,000 pre-orders were received for the YU7. This surprised not only Xiaomi management, but the entire Chinese car market. Such a level of interest was observed for the first time in the company’s history.

Is it true that this is a competitor to the Tesla Model Y?

Xiaomi founder Lei Jun, when presenting the YU7, directly compared it to the Tesla Model Y. He also recalled times when he compared Xiaomi smartphones to the iPhone. He emphasized that with its high technology, convenience, and lower-than-market price, the YU7 surpasses the Model Y.

Why did the share price rise?

The main reason for the stock growth is strong consumer demand. Over 290,000 orders demonstrate the public’s high confidence in the new model. For investors, this served as a signal and sharply increased interest in the company’s shares.

Is Xiaomi expanding its electric vehicle business?

Absolutely. In March, the company raised $5.5 billion on the Hong Kong stock exchange. These funds are planned to be used to expand the electric vehicle sector, increase production capacity, and develop the plant in Beijing.

What is the conclusion?

Xiaomi’s YU7 model is not only a technological achievement, but also a skillful marketing move. Competing with Tesla, the massive number of orders in a short time, and the share growth indicate that the company intends to take a serious place in the electric vehicle market. The new model has just launched, but its impact is already being felt on the global economic stage. Read 'Zamin' on Telegram!