Lei Jun talks about three concerns before releasing YU7.
During the live broadcast on the evening of July 2nd, Lei Jun talked about the process of releasing the YU7: "Before the launch event, I was very worried about three things: First, although the SUV market seems big, the competition is fierce. The Model Y is much stronger than everyone imagines, with wave after wave of impact in China, none of which has been shaken. Second, YU7 is a very different product in the SUV market, it is a luxury high-performance SUV. Will consumers accept this form? Third, the cost is very high, priced above 250,000. So I was also very worried about whether it would be successful." "Many people online questioned whether the deposit had any refund policy within 7 days. This is actually an industry practice, with a 3-day cooling-off period. We extended it to 7 days mainly because we were worried that test drives would not be completed in time."
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