The all-new Xiaomi YU7 goes head-to-head with the Tesla Model Y in a high-stakes EV showdown. From pricing to performance, we compare both electric SUVs to see which one truly comes out on top and whether Tesla finally has real competition on its hands.

Xiaomi has officially rolled out its YU7 high-performance, electric SUV, with a shockingly competitive price of just RMB 253,500 ( P1.989 million before taxes ). The Chinese tech company then saw over 300,000 reservations within hours after the prices were announced.

Chinese EV and smartphone maker Xiaomi on Thursday priced its new electric YU7 SUV from 253,500 yuan ($35,364), almost 4% below Tesla's Model Y, stepping up the challenge to the U.S. firm in the world's largest auto market.