Tips for importing vehicles safely from China
Ma Xi · 2025-01-08
thepaper · 2024-12-13
Xiaomi YU7 Set to Dominate China's High-End SUV Market
On Beijing time 9th of December, Xiaomi Auto official Weibo account posted the picture of the new YU7 SUV, and indicated that the YU7 is expected to officially entered the market in June or July 2025.
Lei Jun, the founder and CEO of Xiaomi, introduced the Xiaomi YU7, explained to all the pronunciation of the model, it will be "Y, U seven," standing for (Model) Y Ultra.
On the following day, Goldman Sachs, the leading global investment banking, released a report and expressed strong optimism regarding the YU7 SUV, predicting that the upcoming SUV will become one of China's best-selling high-end new energy SUVs, to rival with Tesla’s Model Y and Li Auto L6.
Detailed Specifications
According to the 390th announcements released by the Ministry of Industry and Information Technology, we could learn more about the YU7’s detailed configurations about its outlook and the powertrain.
- Dimension: 4999mm long, 1996mm wide, 1600mm high, with a wheelbase of 3000mm.
- Energy: All electric
- Battery: CATL ternary lithium battery
- ABS: Bosch Suzhou-made ESP10 ABS model
- Top speed: 253 km/h
- Motor: Dual-motor
- Total power output: 508 kW.
Goldman Sachs' Positive Outlook
Goldman Sachs believed that the YU7 will have competitive edge with its superior specifications, dimensions, performance, and endurance capabilities.
First of all, YU7 has the largest wheelbase in its class, a robust powertrain surpassing its class, and may focus on the selling point of extended range, as its use of the long-endurance battery.
Additionally, with more models launched, Xiaomi will be able to leverage economics of scale to increase efficiency and cut cost, leading to a rise of its gross margins. Consequently, Goldman Sachs has given Xiaomi Group a "Buy" rating, setting a target price of 33.3 Hong Kong dollars for the stock.
Success of Xiaomi SU7
The SU7, Xiaomi's first model, was launched in March, and has made a remarkable sales performance in the market. According to the market data, the SU7 has maintain an average monthly sales of 13,000 units, and in that case, the SU7 achieved its annual target of 100,000 units ahead of schedule in November. The company announced that it is now doing their best to a new goal of 120,000 units for 2024.
Given the successful market performance of the SU7, and the great marketing skills of Lei Jun, the launch of YU7 will be highly anticipated.
Xuzhou
2021 VOLKSWAGEN
2022.0334,000kmPetrol
Xiamen
2022 HONDA
2022.0158,000kmPetrol
Hefei
2023 AUDI
2023.0147,000kmPetrol
Shanghai
2023 BYD
2023.1147,000kmBEV
Fuyang
2024 TOYOTA
2024.0913,000kmHybrid
Guangzhou
2024 BYD
2024.0815,000kmPHEV
Xuzhou
2024 BYD
2024.086,500kmPHEV
Maoming
2021 TOYOTA
2022.0126,000kmPetrol
How to Avoid Scammers When Importing Cars from China
Tips for importing vehicles safely from China
Ma Xi · 2025-01-08
The 2025 Guide to Import Used Cars from China to Algeria
Simplified Steps and Key Considerations for Algerian Buyers When Importing Cars from China
Ma Xi · 2024-12-24
The 2025 Guide to Import Used Cars from China to Egypt
Understanding regulations and procedures for importing used cars from China into Egypt
Ma Xi · 2025-01-07
The Illegal Modification Export of Branded Passenger Car from China
Risks, Red Flags of Modification Export and How to Protect Your Business, uncover the dangers of tax evasion, document fraud, and customs seizures in the overseas car market, and learn actionable steps to avoid falling victim to these fraudulent schemes.
Maxi and Calix · 2025-02-15
China Auto Daily丨 BYD Leads 2024 Sales
China's first Energy Law aims for 20 GW new wind and solar by 2025. Leading automakers report significant 2024 sales and expansion plans, highlighting the booming NEV market.
cls · 2025-01-02
China Auto Daily丨Auto Trade Soars 32.1% MoM, Driven by $20.15B Exports
In March 2025, China's auto trade surged to $23.82 billion, up 32.1% MoM, but down 0.2% YoY, driven by $20.15 billion in exports. Geely announces a $25.66 per ADS offer for ZEEKR, aiming for privatization. Avatr launches the 12 EV sedan with triple-lidar autonomous driving system.
cls · 2025-05-08
Global NEV Sales Surge 39% in Q1 2025 as China Solidifies Dominance
According to TrendForce's Q1 2025 report, global NEV sales reached 4.02 million units, a 39% YoY increase, with China leading both BEV and PHEV segments, contributing 55% of the total sales.
trendforce · 2025-05-22
China Auto Daily丨BYD Reports 34% Net Profit Growth for 2024
BYD reports 34% net profit growth for 2024, proposes dividend. Huawei-backed Shangjie brand to launch April 10. Chery's iCAR V23 debuts in Shanghai.
cls · 2025-03-25