Xiaomi YU7 GT launches at 389,900 yuan with 990 hp, 7:22 Nurburgring lap

Lei Jun took the stage in Beijing on Thursday evening and put the YU7 GT on sale at 389,900 yuan (about $57,290), with a fully loaded Big Full Pack trim at 429,900 yuan. The dual-motor HyperEngine V8s EVO setup is rated at 738 kW (990 hp), 2.92 seconds to 100 km/h, a 300 km/h top end, and 705 km of CLTC range from a 101.7 kWh ternary pack. Xiaomi also confirmed the Nurburgring SUV lap at 7:22.755, beating the Audi RS Q8 Performance and Porsche Cayenne Turbo GT.

The headline number came in below the 450,000-500,000 yuan most analysts had penciled in after Lei Jun spent Tuesday telling investors the GT would be 'a bit expensive.' Read against the rest of the lineup, the GT slots ~156,000 yuan above the YU7 Standard launched earlier the same day at 233,500 yuan, and sits in the white space between the regular YU7 Long Range and the SU7 Ultra sedan. The timing matters: April YU7 deliveries slipped 27.16% to 9,876 as buyers held out for the GT, and the 56-week YU7 queue had already collapsed to two-hour pickup by May 13. The Crimson Red hero color teased on May 15 is standard on launch units, and factory stockpile photos from May 9 suggest deliveries can start almost immediately.

Our read: 389,900 yuan is a deliberately punchy number. It clears the psychological 400k ceiling, undercuts the Audi SQ8 e-tron and Porsche Macan Turbo Electric by six figures, and gives Xiaomi a halo SUV that costs less than half of what a Cayenne Turbo GT does in China. Pairing a verified Nurburgring record with a price that fleet-buyers and tech-execs can actually expense is the same playbook that made the SU7 Ultra a status object, now ported to the YU7 chassis just as base-model demand visibly cools.