China’s Xiaomi and another cheap car weaken Tesla

Beijing – China Smartphone Company Millet Targeting competitors Tesla Use a new electric SUV.

CEO Lei Jun said on Thursday that Xiaomi’s luxury Yu7 SUV will start at 253,500 yuan ($35,322), noting that the car is 10,000 yuan cheaper than Tesla’s Model Y and the Chinese model is 263,500 yuan.

Before the official announcement, Citi Report Listed for the YU7 SUV price is around 250,000 to 320,000 yuan ($34,800 to $44,590), with forecasts of about 30,000 units per month. Once the pace is reached, Citi will forecast annual sales of 300,000 to 360,000 units.

Xiaomi’s company SU7 sedan also last year cost Tesla’s Model 3.

Ray claimed Thursday that Yu7 beat Tesla’s model Y but still lacked driver assists. Yu7 comes with driver assistance software, the most advanced version of the software is powered by Nvidia’s Thor Chip. Pre-sales start at 10 p.m. Thursday and are expected to be delivered within one to five weeks.

Xiaomi initially stated that it would launch its YU7 in July. An earlier incident occurred In an intensified war on electric vehicle prices.

Millet Revealed its Yu7 SUV In late May, less than a year after the launch of the first electric vehicle, it claimed that the vehicle had a driving range of at least 760 kilometers (472 miles).

This is much higher than the 719 kilometers of Tesla’s extended range Y. For consumers who are worried about frequent battery charging, driving range has always been a selling point.

While Xiaomi doesn’t promote its AI like other consumer brands, Thursday’s launch event showed off several AI car features, such as allowing drivers to change songs using manual actions, or asking the phone app to describe where the car is parked.

Yu7 also supports Apple Car Play and Apple Music, Lai said.

The Chinese smartphone and home appliance company launched several other products on Thursday, including the highly anticipated one Artificial intelligence connected glasses.

Competing with Meta’s Ray Bans Smart products, AI glasses, can change the color of the lens and scan the QR code to pay, mimicking China’s mobile smartphone app. Xiaomi has also announced features similar to Metaglasses’ features, such as the ability to take photos and videos, and uses Interactive AI to identify flowers or translate text.

Xiaomi’s AI glasses start at 1,999 yuan ($279). A Xiaomi spokesman said there are currently no plans to sell glasses overseas. The Meta version is not officially sold in China.