People check out an electric SUV Xiaomi YU7 at a Xiaomi Store in Hangzhou in east China's Zhejiang province Thursday, June 26, 2025.BEIJING — Chinese smartphone company Xiaomi is taking aim straight at rival Tesla with a new electric SUV.Xiaomi's luxury YU7 SUV will start at 253,500 yuan ($35,322), CEO Lei Jun said Thursday, pointing out that the vehicle is 10,000 yuan cheaper than Tesla's Model Y, which starts at 263,500 yuan in China.Prior to the official price announcement, a Citi report had listed expec ...