One year after Xiaomi Automobile said it was working on an SUV called the YU7, the company is finally set to launch the new model in China.

Xiaomi EV has unveiled its first SUV, the Xiaomi YU7, a name derived from the Chinese term symbolizing "going with the wind." Positioned as a high-performance luxury SUV, the Xiaomi YU7 is aimed at the independent,

Xiaomi CEO Lei Jun said that the YU7 crossover will not be cheap, although it will still undercut the Tesla Model Y in price and outclass it in features

China's Xiaomi on Tuesday reported record first-quarter revenue and profit, as the company said its ongoing shift towards higher-end products from smartphones to home appliances was already paying off.

Xiaomi is back in the automotive industry with its second vehicle, following up on its SU7 hypercar. Called the Xiaomi YU7, it stands as the Chinese brand’s foray into the electric performance SUV segment. While it is taller, wider, and seats more people than the SU7, Xiaomi made sure it does not lag behind too much.

Xiaomi unveiled the YU7 electric crossover without offering pre-order and pricing details, although deliveries are expected to start in July

Xiaomi, widely known as a smartphone brand, is preparing for a major resurgence in the electric vehicle market. On May 22, the company officially unveiled its first electric SUV, the YU7, in celebration of its 15th anniversary.