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Benzinga
Benzinga
Business
Badar Shaikh

Tesla Model Y-rival Xiaomi YU7 SUV Receives Nearly 300,000 Orders In 1 Hour In China

Xiaomi SUV China Tesla Inc. Weibo
Xiaomi

Xiaomi Corp (OTC:XIACY) (OTC:XIACF) unveiled the company's first all-electric SUV, the YU7, as a rival to Tesla Inc. (NASDAQ:TSLA) Model Y.

What Happened: Xiaomi took to the Chinese social media platform Weibo to announce that it had received over 289,000 orders for its YU7 SUV on Thursday, after the company said it received over 200,000 orders in just 3 minutes.

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