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 revving up its EV ambitions with a bold new entry in the SUV segment, targeting young families and daily commuters alike.

Xiaomi has introduced its first SUV, the YU7, in China, offering three variants priced between RMB 199,500 and RMB 289,900. The Standard variant features rear-wheel drive and boasts a remarkable range of 835 km,