Lei Jun said he did not expect the incident to have such a huge impact on Xiaomi.
On May 16th, Lei Jun gave a speech to all Xiaomi employees after the Xiaomi Core Values Competition. In his speech, Lei Jun announced that a self-developed chip is set to be released soon. He also talked about the recent public relations crisis that Xiaomi has faced and his outlook for the future development of the company. Lei Jun first thanked all departments for the wonderful performances prepared for Xiaomi's 15th anniversary celebration. He also mentioned a traffic accident at the end of March that brought about a lot of questioning, criticism, and accusations towards Xiaomi. "A friend familiar with the automotive industry told me: 'When making cars, encountering traffic accidents is inevitable.' But nobody expected that the impact of this accident would be so great, and the blow to Xiaomi would be so significant." Lei Jun said that this accident made Xiaomi realize the high expectations and strict requirements of the public towards the company, and also signaled that Xiaomi is no longer just a newcomer in the industry, but needs to take on the responsibilities of a large company and industry leader.
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