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China's Xiaomi undercuts Tesla with yet another cheaper car - MSNBEIJING — Chinese smartphone company Xiaomi is taking aim straight at rival Tesla with a new electric SUV. Xiaomi's luxury YU7 SUV will start at 253,500 yuan ($35,322), CEO Lei Jun said Thursday ...
The SUV's pricing starts at 253,500 yuan ($35,322), CEO Lei Jun said Thursday, pointing out that the vehicle was 10,000 yuan cheaper than Tesla's Model Y, which starts at 263,500 yuan in China.
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