कोशिश गोल्ड - मुक्त
Orders for new Xiaomi SUV heighten threat to Tesla
Financial Express Kochi
|June 28, 2025
Strong Start
EXCEPTIONALLY STRONG INITIAL orders for Xiaomi's YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record high on Friday and fanned speculation that Tesla may have to cut prices to fight back.
In the first 18 hours after the YU7 went on sale, Xiaomi received some 240,000 orders that it considers locked in, with buyers having paid either a hefty deposit for ready-to-deliver cars or a smaller deposit for cars still to be made.
The smartphone and appliance maker made a huge splash in China's electric vehicle market with the launch of its first vehicle, the SU7 sedan, in March last year. The car has outsold Tesla's Model 3 in China on a monthly basis since December and has even earned a rave review from Ford CEO Jim Farley.
यह कहानी Financial Express Kochi के June 28, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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US-Russia talks gain momentum
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UK cuts tax-free allowance for cash savings
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Indices near all-time high as bears go into hiding
· DIIs pump in ₹7 lakh crore, highest in a year
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When tax meets technology
Tax is one area where the govt has moved far ahead in adopting technology and digitisation. Professionals must catch up with the digital architecture in place
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