BUSINESS● LOWJul 31 · Jul 31, 2026, 6:06 AM
China’s Xiaomi takes aim at Tesla, staking 23% lower price on premium SUV
South China Morning Post
Xiaomi, one of Tesla’s biggest challengers in mainland China over the past year, has priced its newest cars at a 23 per cent discount to the US carmaker’s Model Y L SUV amid intensified competition in the country’s premium electric vehicle (EV) segment. Beijing-based Xiaomi announced on Thursday that the five-seat N70 Max model under its new extended-range SkyNomad series would sell at 259,900 yuan (US$38,474), while the seven-seat N90 Max would start at 299,900 yuan, with deliveries of both...
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