| Updated: 26-06-2025 19:21 IST | Created: 26-06-2025 19:21 IST This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only. Country: SHARE Xiaomi has significantly escalated its competition with Tesla by pricing its latest electric SUV, the YU7, at 10,000 yuan ($1,395) cheaper than Tesla's Model Y. This move comes as a strategic bid to capture the market in China, the world's largest auto market. Orders for the three models of the YU7—base, Pro, and Max—are now open. Notably, the basic YU7 starts at 253,500 yuan ($35,364), while the premium models YU7 Pro and YU7 Max are set at 279,900 and 329,900 yuan, respectively. CEO and founder Lei Jun aims to position the YU7 as a serious contender against the Model Y, which was China's top-selling SUV in May. The YU7 offers a driving range of up to 835 kilometers (519 miles), surpassing the redesigned Model Y's 719 kilometers. ON: