At the 2024 Zhongguancun Forum Annual Meeting, Lei Jun, founder, chairman and CEO of Xiaomi Group, said in his speech that in March of this year, we completed an automobile factory with an investment of more than 5 billion yuan. This factory is very different from a traditional factory. It is a bit like an office building with few workers and can achieve efficient production. I was very excited when the factory was completed. In the past, some people often denigrated us as an assembly factory. I said don't discredit us as an assembly plant because we don't have any factories. But today I'm very proud to finally be called Director Lei. (Securities Times)