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's new electric SUV, the YU7, is expected to enter the market in July, founder and CEO Lei Jun said in a Weibo post on Thursday. The world's third-largest smartphone maker will launch its second EV model later on Thursday.