Xiaomi Corp.’s shares rose 8% to a record high after the smartphone maker drew strong initial orders for a $35,000 sport utility vehicle intended to compete with Tesla Inc.’s Model Y in China. The company on June 26 took the wraps off the 253,

Xiaomi YU7—backed by its trusted technical brand and expansive market reach—positions electrochromic smart glass for widespread adoption in the mass market. This collaboration signals a broader trend in the automotive sector toward intelligent, user-centric materials that enhance sustainability and comfort without compromising design.

Xiaomi won more orders than expected for its new YU7 electric sports utility vehicle in the first hours after it went on sale, sending the company's shares up 8% to an all-time high. The Chinese EV and smartphone maker on Thursday priced its new electric YU7 SUV from 253,