Lu Weibing: Xiaomi cars will not participate in any price wars, and the 2027 overseas target remains unchanged.

On August 20, Lu Weibing, the president of Xiaomi Group, announced in a video that the company's car business is expected to become profitable in the second half of the year. Xiaomi's car business will not engage in any price wars or participate in vicious competition, and its business health is already at a leading level in the industry. Xiaomi's goal of entering overseas markets in 2027 remains unchanged, and the company has already been conducting preliminary research and preparations for expanding its car business internationally.