Scalpers are taking advantage of the overwhelming demand for Xiaomi's newly launched YU7 crossover, which is the company's second electric vehicle model. Following the commencement of sales on June 26 in China, these resellers have begun listing early reservations at significantly inflated prices. To secure a YU7, customers are required to pay a refundable deposit of RMB 5,000 (approximately $698). This surge in scalping reflects the intense interest in Xiaomi's latest offering, as consumers seek to capitalize on the vehicle's anticipated popularity in the electric vehicle market.
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