Xiaomi’s SU7 SUV a hit with mainland Chinese motorists as bookings reach 240,000

Xiaomi’s new electric SUV, the SU7, is off to a roaring start in China, racking up a staggering 240,000 bookings in less than a day. The tech giant turned EV-maker saw 200,000 pre-orders flood in within three minutes of launch, with demand showing no signs of slowing. Priced between $35,366 and $32,990, the SU7 is being pitched as a serious rival to Tesla’s Model Y—China’s current EV SUV champ.