CNBC AI News – June 7th
Even at the helm of Xiaomi, does Lei Jun, the company’s CEO, get a free pass on purchasing his own company’s vehicles? The answer, it seems, is a resounding no.
Following a social media post promoting the Xiaomi SU7 “YU7” now being available for in-store viewing, a curious question emerged in the comments section. “Does Mr. Lei, as the CEO, need to pay for the YU7?” Lei Jun’s response? “Of course.”
This revelation isn’t entirely unexpected. Lei Jun himself previously disclosed that he had to pay for his own Xiaomi SU7 Ultra and even had to wait in line for delivery, like any other customer.
The burning question now revolves around the YU7’s pricing. With initial estimates like RMB 199,000 and RMB 235,900 already dismissed by Lei Jun, speculation is rife.
Given the SU7’s positioning as a direct competitor to Tesla’s Model Y, the consensus suggests the price point will be strategically similar. Anticipating Xiaomi’s characteristic focus on value for money, industry analysts are predicting a price tag around RMB 250,000, although the possibility of a pleasant pricing surprise remains. Xiaomi has consistently disrupted the market with its competitive pricing strategies.
The big question for consumers: what price would make the YU7 a must-buy?
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