Huawei on Tuesday launched a redesigned M5 compact crossover, the first model under the Aito lineup with manufacturing partner Seres. The Chinese tech giant billed the new vehicle as more spacious, better equipped, and with faster acceleration than the Tesla Model Y at a competitive price tag. The all-electric M5 is priced at RMB 269,800, nearly RMB 20,000 higher than the base-version, China-made Model Y. And yet, the company said it has a driving range of 602 km based on City Light Test Cycle (CLTC) standards, compared with the 554 km range achieved by Tesla. [TechNode reporting, Huawei release, in Chinese]Related