Xiaomi Faces Backlash Over Year-Long Wait for YU7 SUV
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币界网报道：Xiaomi faces criticism over delays in delivering its first electric vehicle, the SU7 sedan, with some customers waiting over a year. The tech giant, which entered the EV market in March 2024, has received over 100,000 orders but struggles with production bottlenecks. CEO Lei Jun acknowledged the challenges, stating the company is working to ramp up output. Meanwhile, Xiaomi's stock has dropped nearly 20% since its EV debut amid concerns about profitability in the competitive auto sector. The company plans to invest $10 billion in its car business over the next decade, betting on smart EV technology integration.
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