Lei Jun

The new team, led directly by Xiaomi's founder, is responsible for setting the technical direction for its next-generation EV technology architecture.

Lei ranks fifth on Hurun's latest China Rich List with a fortune of RMB 326 billion ($46 billion), marking the largest wealth increase among entrepreneurs on this year's list.

Huawei's Richard Yu hinted that Xiaomi's EVs are not as good as the cars from brands backed by Huawei, but they're getting high sales.

Li Auto decided to adjust the announcement date of the Li i8 after learning that the launch of the Xiaomi SU7 Ultra is scheduled for February 27.

Xiaomi CEO Lei Jun didn't mention what the crisis event was, and he is expected to elaborate in a presentation this Friday.

Xiaomi CEO Lei Jun tried to peddle a concept for a unified in-vehicle eco-system in a meeting that included Nio' William Li and Onvo president Ai Tiecheng.

Customers who currently order the Xiaomi SU7 will have to wait for about 8 months for delivery.

Smart driving is a key battleground for EVs, and Xiaomi's goal is to be in the top tier of the industry within 2024, the company's CEO Lei Jun said.

That's in contrast to Nio's William Li's view that the automotive industry is not a winner-take-all business, but rather one where there is a great deal of personalized demand to be met.

Xiaomi SU7 price is not yet finalized, but it does seem a bit expensive, Lei Jun said.