Xiaomi will launch its first SUV, the YU7, in June or July, and Xpeng (9868.HK), opens new tab plans to launch the G7.
Both models share "similar features with the Model Y, such as a youthful design and technological functions, making them direct competitors," said Shaochen Wang, a China-based auto analyst at Counterpoint.
Wang also noted that Tesla had yet to finalise the full rollout of its advanced driver assistance software, which is called "Full Self-Driving", in China. That could put it on the back foot against several Chinese EV auto brands which have also developed advanced smart driving features…Read More
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