Iaomi's Twitter account announces the commencement of YU7 SUV deliveries, with delivery timelines extending to as long as 14 months.
In a significant development for Xiaomi's electric vehicle (EV) division, the company has commenced delivering its first model, the YU7, in 58 cities across China. This follows the successful securing of over 240,000 locked-in orders within just 18 hours of its launch on June 26.
The YU7, positioned as a competitor to the Tesla Model Y, has been personally handed over to owners by Xiaomi's founder, chairman, and CEO, Lei Jun. The three variants of the YU7, priced at RMB 253,500, RMB 279,900, and RMB 329,900, are now available for delivery.
However, the wait times for some variants of Xiaomi's SU7 sedan have seen changes. The wait time for the standard version of the YU7 has increased to 59-62 weeks, while the wait time for the YU7 Pro, YU7 Max, and SU7 Ultra variants stands at 53-56 weeks, 45-48 weeks, and 15-18 weeks respectively.
Interestingly, less than 15% of total YU7 orders were transferred from the SU7 and SU7 Ultra models, indicating a strong demand for the YU7 series.
Meanwhile, Xiaomi's phase 1 factory in Beijing, with an annual production capacity of 150,000 units, has implemented a two-shift production to meet the demand for the first model. Local media outlet Sina Tech reported that Xiaomi EV's phase 2 factory is conducting large-scale hiring to prepare for mass production.
Despite numerous reports suggesting that the phase 2 project of the factory would be completed by mid-June and officially commence production in July-August, specific updates on the phase 2 factory's capacity and production schedule have not been publicly disclosed. For the most accurate and up-to-date details on Xiaomi's phase 2 factory, it is recommended to monitor official Xiaomi press releases or their verified Twitter profile.
With the successful launch and delivery of the YU7, Xiaomi continues its aggressive expansion in the electric vehicle market. The company's commitment to innovation and quality is evident in the positive response to the YU7, setting a promising precedent for future models.
- The YU7, a rival to the Tesla Model Y, has initiated deliveries across 58 cities in China following massive interest, with over 240,000 orders received within 18 hours of its launch.
- Xiaomi's founder, Lei Jun, personally handed over the YU7 to excited buyers, available in three variants priced between RMB 253,500 and RMB 329,900.
- Delivery times for certain YU7 variants have extended, with the standard YU7 waiting 59-62 weeks, while other versions like the YU7 Pro, YU7 Max, and SU7 Ultra see lesser wait times of 53-56 weeks, 45-48 weeks, and 15-18 weeks respectively.
- It's interesting to note that less than 15% of total YU7 orders shifted from the SU7 and SU7 Ultra models, indicating a robust demand for the YU7 series.
- To cater to the increased demand for the YU7, Xiaomi's Beijing factory has adopted a two-shift production, with plans for large-scale hiring at the phase 2 factory to gear up for mass production.
- Although reports suggested the phase 2 factory would be operational by mid-June and begin production in July-August, details on its capacity and production schedule remain undisclosed.
- Xiaomi is persistently expanding in the electric vehicle industry with the launch of the YU7, demonstrating a dedication to innovation and quality, setting a hopeful example for forthcoming models.
