Xiaomi Corp. is ramping production of its new YU7 electric SUV after delivering more than 40,000 units in just over two months, highlighting booming demand and underscoring delivery challenges. CEO Lei Jun said YU7 deliveries began on July 6 and quickly surpassed 40,000, though the figure still falls short of customer expectations. He acknowledged a “large gap” between orders and deliveries and pledged to accelerate output to close it.