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Xiaomi's Electric Crossover Car YU7 to Have Range of Up to 770 km

A Xiaomi SU7 ultra electric car is displayed during the MWC (Mobile World Congress), the world's biggest mobile fair, in Barcelona on March 3, 2025. (Photo by Manaure QUINTERO / AFP)
A Xiaomi SU7 ultra electric car is displayed during the MWC (Mobile World Congress), the world's biggest mobile fair, in Barcelona on March 3, 2025. (Photo by Manaure QUINTERO / AFP)
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Xiaomi's Electric Crossover Car YU7 to Have Range of Up to 770 km

A Xiaomi SU7 ultra electric car is displayed during the MWC (Mobile World Congress), the world's biggest mobile fair, in Barcelona on March 3, 2025. (Photo by Manaure QUINTERO / AFP)
A Xiaomi SU7 ultra electric car is displayed during the MWC (Mobile World Congress), the world's biggest mobile fair, in Barcelona on March 3, 2025. (Photo by Manaure QUINTERO / AFP)

Chinese tech company Xiaomi's new electric crossover SUV, the YU7, will have a driving range of up to 770 kilometers (478 miles), a government document showed on Thursday.
The car will be Xiaomi's first SUV and is expected to hit the market this summer, to take on Tesla's Model Y.
The vehicle, which would combine features of a traditional crossover SUV with a battery-powered drivetrain, also comes in a shorter driving range of 675 km and 760 km, Reuters reported.
It was among newly added models to enjoy purchase tax breaks, according to an industry ministry notice.
Tesla began deliveries of refreshed Model Y at the end of February. The long-range variant of the redesigned Model Y has a driving range of 719 kilometers per charge, up from 688 km, while the rear-drive variant now has a range of 593 km, from 554 km.

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Intel Shares Fall as Dour Forecasts Overshadow CEO’s Turnaround Promises

The Intel logo is seen near computer motherboard in this illustration taken January 8, 2024. (Reuters)
The Intel logo is seen near computer motherboard in this illustration taken January 8, 2024. (Reuters)
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Intel Shares Fall as Dour Forecasts Overshadow CEO’s Turnaround Promises

The Intel logo is seen near computer motherboard in this illustration taken January 8, 2024. (Reuters)
The Intel logo is seen near computer motherboard in this illustration taken January 8, 2024. (Reuters)

Intel's shares fell more than 8% on Friday as the company's weak revenue and profit forecasts overshadowed new CEO Lip-Bu Tan's strategy to revitalize the embattled chipmaker.

Years of bad decisions have left the struggling American chipmaking icon trailing in the lucrative artificial intelligence industry, while a raging Sino-US trade war casts doubt on near-term demand for its PC processors.

Tan on Thursday gave glimpses of his plans to reanimate Intel's culture of innovation by focusing on core engineering, stripping away unnecessary administrative work and cutting workforce.

"Intel is so huge that shifting its course is like turning a battleship – it cannot be done on a dime," Evercore ISI analysts said.

Tan did not provide much detail on how he will restore Intel's leadership position in manufacturing, nor on his plans to attract more external customers to the company's foundry, J.P.Morgan analysts said.

Tan remains focused on the contract manufacturing business and has recently met rival TSMC'S CEO to discuss how the two companies could collaborate.

Executives said first-quarter sales were boosted by customers stockpiling chips as growing tariff tensions between the US and China have made buyers wary of future purchases.

Intel could also stand to benefit if China introduces certain exemptions on US imports given the company's large presence in the Asian country, Ben Barringer, global technology analyst at Quilter Cheviot, said.

AI STRATEGY IN QUESTION

Tan's comments about sharpening Intel's existing products to best suit emerging AI trends have sparked questions on how the company plans to get ahead in the booming artificial intelligence sector and challenge market leader Nvidia.

"Intel needs to streamline fast – they have a lot of investments to make to catch up in AI," Stifel analyst Ruben Roy said.

Historically, Intel has relied on buying startups to further its AI ambitions. Other than Mobileye which Intel spun out a few years ago, the other deals didn't help the company gain much traction.

"Intel should have always had its own internal solution, but it missed the boat and tried to acquire its way into AI," Anshel Sag, principal analyst at Moor Insights & Strategy, said.

One of Intel's biggest missteps was failing to capitalize on the booming demand for AI chips, allowing Nvidia to dominate the market.

Intel now faces an uphill battle in challenging AI heavyweights as it lacks the same level of GPU intellectual property, which is essential for AI workloads, Barringer added.

The company's stock has gained 7.2% so far this year, outperforming Nvidia and Advanced Micro Devices, which have fallen nearly 20% each.

Intel, however, trades at a higher 12-month forward price-to-earnings ratio of 31.37 versus 22.70 for Nvidia and 19.24 for AMD.