Xiaomi CEO Lei Jun unveils the company's latest SUV YU7 GT. [Photo provided to chinadaily.com.cn]

Xiaomi, a smartphone company that also dabbles in incredibly quick EVs, just lapped Nürburgring faster in an SUV than anyone else ever has.

The Xiaomi YU7 GT has lapped the Nordschleife in 7:34.93 to claim the title for the fastest SUV around the famous German track after dethroning the Audi RS Q8.