Space Industry and Business News
CAR TECH
China's Xiaomi receives almost 300,000 SUV pre-orders in minutes
China's Xiaomi receives almost 300,000 SUV pre-orders in minutes
by AFP Staff Writers
Beijing (AFP) June 27, 2025

Chinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sport utility vehicles in what the company said was a "miraculous" moment for the industry.

Lei Jun, founder and CEO of the electronics-turned-car company, said he was astonished by the reaction from customers.

"My goodness, in just two minutes, we received 196,000 paid pre-orders and 128,000 lock-in orders," Lei said in a video distributed after the vehicle's launch on Thursday night.

"We may be witnessing a miracle in China's automotive industry."

The company's electric vehicle division said later on its official Weibo account that there had been 289,000 pre-orders for the five-seater YU7, priced from 253,500 yuan (about $35,000), within the first hour of sales.

Xiaomi's Hong Kong-listed shares soared eight percent at one point before paring their gains but ending at a record high.

The Beijing-based commercial tech giant made its first foray into car-making with its SU7 EV model last year, part of a broader industry push to boost domestic consumption.

Initial enthusiasm for intelligent driving features in such vehicles was tempered by the fatal crash of a Xiaomi SU7 in March. The vehicle had been in assisted driving mode just before it crashed, killing three students.

Premier Li Qiang used the World Economic Forum in Tianjin this week to outline China's ambition to become a "major consumption powerhouse", emphasising policies to stimulate demand for high-value goods such as electric vehicles.

Related Links
Car Technology at SpaceMart.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
CAR TECH
US following up on possible Tesla robotaxi infractions
New York (AFP) June 24, 2025
US safety regulators contacted Tesla after its self-driving cars stopped abruptly, sped or swerved into the wrong lane as the company began limited robotaxi service, US officials said Tuesday. The National Highway Traffic Safety Administration said it is following up on videos posted online of Sunday's launch in Texas showed questionable driving. "NHTSA is aware of the referenced incidents and is in contact with the manufacturer to gather additional information," the agency said. NHTSA said ... read more

CAR TECH
US judge sides with Meta in AI training copyright case

EU proposes space laws to reduce orbital junk and boost industry

Redwire finalizes Hammerhead satellite integration for ESA ALTIUS mission

Toxic legacies of mining scar South Africa's Soweto and contaminate Thai rivers from Myanmar operations

CAR TECH
France finds cash for 'strategic asset' satellite firm Eutelsat

Skynet 6A military satellite advances with successful module integration

Skynet 6A reaches integration milestone as Airbus prepares next-gen military satellite

Enveil Secures DIU Contract to Advance Hybrid Space Architecture Data Capabilities

CAR TECH
CAR TECH
Breakthrough hybrid model restores orbit accuracy for BeiDou-3 satellites

SpaceX launches advanced GPS satellite for Space Force

Satellites Enhance Navigation Safety on the Mersey with Cutting-Edge Tidal Mapping

Sierra Space Reaches Key Milestone in Space Force R-GPS Program

CAR TECH
Sceye secures SoftBank backing to launch HAPS connectivity services in Japan

Former head of major Chinese airline under graft investigation

Swiss, US in spat over cost of F-35 fighter jets

Taiwan's China Airlines to expand fleet with up to 13 Airbus jets

CAR TECH
China calls Taiwan's tech blacklist 'despicable'

Malaysia verifying report of Chinese firm bypassing US tech curbssnow

Smaller smarter sensor delivers precision vacuum measurement across vast pressure range

Taiwan adds China's Huawei, SMIC to export blacklist

CAR TECH
UC Davis and Proteus Space to launch first-ever dynamic digital twin into space

Muon Space Expands Earth Imaging Capabilities with Launch of Hydrosat Thermal Mission

Bezos-backed methane-tracking satellite lost in space

NASA scientists find ties between Earth's oxygen and magnetic field

CAR TECH
Verdict expected in Italy 'forever chemicals' trial

'Eat the rich': Venice protests shadow Bezos wedding

New rules may not change dirty and deadly ship recycling business

France ordered to compensate family of jogger killed by toxic algae

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.