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Xiaomi to Launch YU7 Electric SUV in July

On Thursday, Xiaomi Corporation (OTC:XIACY) founder and CEO Lei Jun announced that the company will begin selling its YU7 electric SUV in July.

This new model is positioned as a direct competitor to Tesla’s best-selling Model Y in China. Xiaomi is the world’s third-largest smartphone maker, which recently ventured into the automotive sector and revealed specifications for its second EV model during an event.

While Xiaomi did not disclose official pricing or begin pre-orders for the YU7, Lei Jun drew direct comparisons to Tesla’s Model Y during his presentation. For instance, the YU7 boasts a driving range of up to 835 kilometers per charge, which exceeds the redesigned Model Y’s range of up to 719 kilometers, which was launched in January. Lei Jun suggested that the YU7’s configurations, compared to the Model Y’s starting price of 263,500 yuan, would typically make it 60,000-70,000 yuan more expensive, but stated that the final price would be revealed in July.

Xiaomi entered the auto market last year with its sporty SU7 EV, which was stylistically influenced by Porsche and priced below Tesla’s Model 3. Since December, the SU7 has consistently outsold Tesla’s Model 3 in China every month, with deliveries exceeding 258,000 units since its launch. However, new orders for the SU7 have reportedly declined following a fatal highway crash at the end of March involving an SU7 in driving-assistance mode, compounded by customer complaints of false advertising, for which Xiaomi Corporation (OTC:XIACY) has apologized.

While we acknowledge the potential of XIACY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XIACY and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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