The Xiaomi YU7 is a Tesla Model Y-sized EV crossover in China. Base price is $35,300 (253,500 RMB), undercutting the Chinese market Tesla Model Y by about $1,200. Xiaomi recieved 200,000 reservations within three minutes of the order books opening. It’s Launch Day for Chinese consumer electronics giant Xiaomi. The company is showing off a raft of products, including smart air conditioners and hair dryers, but the real action is in the car space—where Xiaomi is about to plant its flag in a big way. Initially famous for the Porsche-esque, but Model 3-priced sedan called the SU7, the brand has officially expanded into Model Y territory with its YU7 crossover. Luckily, we don’t have to hear about it thirdhand this time, because I’m here in Beijing to see (and drive) the YU7 on the ground. A base YU7 starts at only $35,300 (253,500 RMB). Even in the context of the Chinese Market’s pricing, this undercuts the Tesla Model Y (263,000 RMB) by about $1,200. The YU7 will come in three trims, standard ($35,300), Pro ($38,900), and Max ($46,000)—all well below the Chinese market Model Y’s single motor, dual motor and dual motor performance trims, respectively. Get the best news, reviews, columns, and more delivered straight to your inbox.