Chinese Electric Vehicle Market News

The low-cost Xiaomi YU7 Standard Edition trim began deliveries in China at 235,500 yuan (34,660 USD). It is 20,000 yuan (2,945 USD) cheaper than the previous entry-level YU7. The Standard Edition has a peak power of 235 kW (315 hp) and a 73 kWh CATL-made Shenxing LFP battery for 643 km of range.
The Xiaomi YU7 Standard Edition entered the market at the same time as the high-performance YU7 GT version on May 21. This modification aims to boost Xiaomi’s first SUV’s sales volume as its domestic deliveries have been declining Month-On-Month since January 2026. According to China EV DataTracker, Xiaomi handed over 9,876 units of the YU7 SUV to customers in April, down 27.2% M-O-M.