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CNBC AI News – As speculation around the pricing of Xiaomi’s upcoming YU7 electric vehicle intensifies, the company is stepping in to clarify the situation and curb the flood of rumors. Sources close to the matter suggest the car’s price point has been the subject of considerable conjecture, with numerous figures circulating online.
Addressing the buzz, Xiaomi has issued a statement debunking the circulating price estimates. Specifically, the company emphasized that “all reports regarding YU7 pricing are unfounded” and urged consumers to “await official announcements for accurate details,” echoing a familiar refrain after the company’s SU7 launch.
Wang Hua, General Manager of Xiaomi’s Public Relations Department, underscored the official stance, stating that pricing confirmation would only occur just before the vehicle’s official unveiling. He stated, “Formal pricing will be determined closer to the official launch, so please disregard any unconfirmed pricing schemes,” a direct response to the proliferation of speculative price tags.
Earlier, company founder Lei Jun had already quelled some of the speculation by dismissing reports of the YU7 selling for as low as 199,000 yuan during a previous product reveal.
Industry insiders, who have had access to the recently concluded Xiaomi investor conference , are also suggesting that earlier price leaks – specifically the 235,900 yuan figure – are highly unlikely, suggesting the final number will be set a day or two before the official launch.
Beyond pricing, the company’s automotive ambitions are clear. Lei Jun projects that Xiaomi’s automotive division will attain profitability in either the third or fourth quarter of this year. Further fueling its commitment to innovation, the YU7 will reportedly pioneer the 10-million Clips End-to-End model. The company has earmarked a whopping 3.5 billion yuan for intelligent driving development, signaling their aim to lead in the burgeoning market.
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