74 place 0

352 Xiaomi’s CEO admitted his SUV wasn’t cheap enough to beat Tesla. Then he launched one that is.

The Next Web
Darius Popa @ The Next Web · 05/23/2026 04:26 EDT

Most CEOs would not go on stage and admit their product was not competitively priced against a rival. Lei Jun did exactly that on Wednesday evening, and then launched a model that fixes it. At Xiaomi’s “Human x Car x Home” launch event on 21 May, the founder and CEO unveiled the YU7 True Standard […]
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