Lei Jun, the billionaire cofounder of Chinese tech giant Xiaomi, launched an electric SUV that could be a strong competitor ...

Xiaomi's new YU7 EV, priced just under Tesla's Model Y, garnered over 200,000 orders in minutes, hitting 289,000 in an hour.

That would only rub salt into the wound for the US car maker, which has steadily lost ground to domestic EV makers that have ...

The smartphone and appliance maker made a huge splash in China’s electric vehicle market with the launch of its first vehicle ...

The car, which starts at $35,000, intends to compete with the Model Y, China's most popular SUV, which starts at $36,760.

The company’s electric vehicle division said later on its official Weibo account that there had been 289,000 pre-orders for ...

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

Xiaomi’s shares hit a record high after the Beijing-based smartphone maker said it received 200,000 pre-orders for its latest ...

Xiaomi's YU7 electric SUV launch has ignited the Chinese EV market, securing 289,000 pre-orders within the first hour and ...

Lei Jun, founder and CEO of the electronics-turned-car company, said he was astonished by the reaction from customers.

Xiaomi's YU7 electric SUV has garnered around 240,000 orders in 18 hours, boosting the company's stock to a record high.

Tesla faces new challenges in China as Xiaomi's new YU7 electric SUV intensifies competition for Elon Musk's automaker.