Xiaomi's new YU7 EV, a direct competitor to Tesla's Model Y, saw phenomenal demand, receiving over 289,000 orders in its first hour. This rapid success, along with the SU7 sedan's consistent outperformance of Tesla's Model 3 in China, has boosted Xiaomi's stock and intensified the ongoing EV price war in the market. (Credit: Photo / Mi.com)
Xiaomi has long been recognised for its global presence in the tech world, but a recent venture into electric vehicles has garnered much attention.
The company's new car, touted by some as a potential rival to industry giants, recently achieved an astonishing sales feat.
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