Xiaomi won more orders than expected for its new YU7 electric sports utility vehicle in the first hours after it went on sale, sending the company's shares up 8% to an all-time high. The Chinese EV and smartphone maker on Thursday priced its new electric YU7 SUV from 253,

Receives 200,000 orders within 1 hour from launch.

Xiaomi has introduced its first SUV, the YU7, in China, offering three variants priced between RMB 199,500 and RMB 289,900. The Standard variant features rear-wheel drive and boasts a remarkable range of 835 km,