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CNBC AI News – June 25th: Xiaomi’s CEO, Lei Jun, is expressing confidence in the continued success of the SU7 sedan, even with the impending release of the YU7 SUV. In a recent social media post, Jun emphasized that the SU7 is expected to remain a top-selling sedan after the YU7 launch.
Speculation regarding the YU7’s pricing has been rife, with some suggesting a price point roughly $3,000 to $4,000 higher than the SU7’s base model. Jun, however, has downplayed these projections, hinting that the YU7’s feature set will justify its price point. The YU7 is expected to boast features seen in competitors’ high-end models.
Jun stated, “The YU7 will have a CLTC range of 835km, LiDAR, NVIDIA’s latest Thor chip with a 700TOPS computing power, and a ‘sky screen’, among other high-end features. Therefore, when considering the price, it’s important to factor in these advanced technologies. The exact pricing will be revealed at the launch, and I believe everyone will find it reasonable.”
When asked if Xiaomi anticipates any cannibalization of SU7 sales due to the YU7’s arrival, Jun was unfazed. He noted, “To be honest, I’m not worried. The YU7 and SU7 are distinctly different products, each appealing to different consumer preferences. There are a large numbers of customers who prefer sedans, and similar numbers who will prefer SUVs.”
Jun concluded by highlighting his positive outlook, declaring, “I am confident that the SU7 will remain one of the best-selling sedans, even after the YU7’s debut.”
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