Chinese smartphone and appliance maker Xiaomi launched its second model and orders started pouring in. The firm received 289,000 orders in one hour

Xiaomi has thrown down the gauntlet with its latest product debut in the electric vehicle industry. On Thursday, the company revealed that it had received nearly 300,000 orders for its new YU7 electric SUV within just one hour of its launch.

Xiaomi has started sales of its second electric car model, the YU7. This also reveals the pricing: The Xiaomi YU7 is available in China from 253,500 yuan,