Why does the CEO of Xiaomi advise buying a Tesla?

This page is translated from the original post "Pourquoi le patron de Xiaomi conseille-t-il d’acheter une Tesla ?" in French.

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Lei Jun Tesla Xiaomi

Xiaomi has made a strong impact with its second electric vehicle, the YU7 SUV, launched at the end of June to directly compete with the Tesla Model Y.

But success has an unexpected downside: demand is so high that customers now have to wait 56 to 59 weeks for delivery of a Xiaomi, which means until 2026 for new clients.

In just three minutes, around 200,000 orders were recorded, a record that showcases the excitement surrounding this model. However, this endless wait is starting to annoy buyers. According to the Chinese platform 12365auto.com, the YU7 was among the twenty most criticized models in July, primarily due to the delays.

In a message posted on social media, CEO Lei Jun acknowledged these difficulties with rare candor: he invited impatient customers to turn… to the competition. He mentioned the Xpeng G7, Li Auto i8, and, surprisingly, the Tesla Model Y. “The Model Y is a good car,” he acknowledged soberly.

Xiaomi has set the electric bar very high

If the YU7 is so appealing, it’s due to impressive features: an 800-volt architecture enabling a 0-80% charge in 13 minutes, a range of up to 835 km on the CLTC, and very aggressive pricing: around €32,000 for the Standard version with 315 hp, €35,000 for the Pro with 489 hp, and €41,000 for the Max, equipped with 681 hp and an NMC battery of 101.7 kWh.

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Now, the next step is to accelerate production. The factory in Beijing, already busy with the SU7 sedan, delivered a record 30,000 vehicles in July. However, to reach the set goal of 300,000 units by 2025 across all models, Xiaomi will have to undergo a significant industrial transformation. In the meantime, it’s essential to be well-equipped, and Tesla’s stocks are not running low…

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