Chinese consumer electronics giant Xiaomi has launched a new electric SUV and debuted a self-designed smartphone chip, in a push to expand beyond its roots in budget devices. The company’s CEO and founder Lei Jun introduced the YU7,

In addition, the entire Xiaomi YU7 series is equipped with an 800V silicon carbide high-voltage platform with a peak voltage of 897V. The maximum charging rate reaches 5.2C, achieving a 10 per cent to 80 per cent charge in 12 minutes and a 620 km charge in 15 minutes, the fastest charging time.

Xiaomi unveiled its hotly anticipated YU7 electric SUV in China today, in the latest potential blow to Tesla’s position in the world’s hottest EV market.