BEIJING, March 13 (Reuters) - Chinese tech company Xiaomi 1810.HK's new electric crossover SUV, the YU7, will have a driving range of up to 770 kilometres (478 miles), a government document showed on Thursday.
The car will be Xiaomi's first SUV and is expected to hit the market this summer, to take on Tesla TSLA.O's Model Y.
The vehicle, which would combine features of a traditional crossover SUV with a battery-powered drivetrain, also comes in a shorter driving range of 675 km and 760 km.
It was among newly added models to enjoy purchase tax breaks, according to an industry ministry notice.
Tesla began deliveries of refreshed Model Y at the end of February. The long-range variant of the redesigned Model Y has a driving range of 719 kilometres per charge, up from 688 km, while the rear-drive variant now has a range of 593 km, from 554 km.
(Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh; Editing by Bernadette Baum)
((qiaoyi.li@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.