While continuing its competition in the smartphone market, Xiaomi made waves with its first electric vehicle, the Xiaomi SU7. Now, amidst working on SU7 model orders, a new leak suggests that the company is developing an SUV that will directly rival the Tesla Model Y. Here are the claims about Xiaomi’s Tesla Model Y competitor SUV…
Xiaomi’s Tesla Model Y Competitor SUV Following the recent attention-grabbing incident where the Xiaomi SU7 model broke down after traveling just 39 kilometers, Xiaomi announced its plans to reach 100,000 orders and production for the SU7 model this year. However, leaks from inside the factory suggest that the company is working on a new SUV model. This electric vehicle, set to directly compete with Tesla’s popular Model Y, has been in development since Xiaomi CEO Lei Jun’s speech about electric vehicles in 2021, indicating that it may enter production soon.
Known for pushing boundaries by upping its game, the Chinese company is expected to unveil its new Xiaomi electric vehicle model by late 2025 or the early months of 2026. Xiaomi is believed to address the issues and mistakes encountered in the first model and will likely pay more attention to detail for the SUV. With its Beijing factory capable of producing 300,000 vehicles, Xiaomi could rapidly expand and become a significant player in the electric vehicle market.
Price competition is also crucial when choosing electric vehicles. After breaking the price perception barrier with the SU7 model, Xiaomi is expected to offer a budget-friendly price tag for its SUV model as well. The SU7 was priced below $28,000, and the upcoming Xiaomi SUV model is anticipated to be priced under $20,000, making it accessible to a wider audience.
What are your thoughts on Xiaomi’s new electric vehicle model and its position in the electric vehicle market? Do you think it will be successful? Share your thoughts in the comments below.
