Xiaomi Corp.’s shares rose 8% to a record high after the smartphone maker drew strong initial orders for a $35,000 sport ...

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

We believe the Xiaomi YU7 is priced very competitively and could become the best-selling EV model in the entire market,” ...

Performance is strong, too, with the marque’s HyperEngine V6s Plus endowing the YU7 Max model with 690hp, which translates into a top speed of 146mph and a 0-62mph sprint time of just 3.2 seconds.

Exceptionally strong initial orders for Xiaomi's YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record high on Friday (June 27) and fanned speculation that Tesla may ...