Xiaomi won more orders than expected for its new YU7 electric sports utility vehicle in the first hours after it went on sale, sending the company's shares up 8% to an all-time high. The Chinese EV and smartphone maker on Thursday priced its new electric YU7 SUV from 253,

Xiaomi is shaking up the electric vehicle world once again. The tech giant's latest EV, the YU7 SUV, racked up a stunning 289,000 orders in just one hour—blowing past expectations and tripling the debut numbers of its earlier SU7 sedan.

China’s Xiaomi Corporation launched its eagerly anticipated YU7, its first battery-powered SUV model, a major milestone in the development of the consumer electronics giant’s automotive business. According to local reports,