The Xiaomi YU7 has officially gone on sale in China as the brand’s first SUV in the line-up which also includes the SU7 sedan. Built on an 800-volt electrical platform and using V6s Plus electric

The YU7 is Xiaomi's second vehicle and one that undercuts Tesla's Model Y in price by nearly 4 per cent. The Model Y is China's best-selling SUV and starts at 263,500 yuan ($56,000).

The unveiling of Xiaomi Corp.’s first electric SUV on Thursday will showcase how the Chinese tech company has become an investor darling with its high-stakes bet on the auto market.