According to internal media reports, Lei Jun, the director of Xiaomi (01810.HK), stated at the 2024 Global Asia Vets Internet-connected Automobile Conference that what we are facing today is a once-in-a-century major transformation in the entire automotive industry.
He expects that in the next five years, the entire industry structure will undergo a large-scale reshuffling. In this process, the entire industry needs to unite, engage in benign competition, because the global automobile market is very large, and everyone needs to work together to develop the global automobile industry.