Dialogue with Lei Jun: Xiaomi's car business is doing well, but it still has a long way to go compared to everyone's expectations.

After the 2025 annual speech by Lei Jun, Chairman and CEO of Xiaomi Group, Lei Jun had a dialogue with the media. Lei Jun said, "We are constantly updating technology and improving efficiency, adjusting shifts. In a span of two months and twenty days, YU7 delivered over 40,000 vehicles. To be frank, there is still a huge gap compared to the actual demand of potential car owners, but we will continue to make efforts to improve. Xiaomi has been in the automotive industry for less than a year and a half, and we have done quite well, but there is still a big gap compared to everyone's needs and requirements." He said, "Having high standards and requirements is a good thing. We should not just see ourselves as newcomers in the automotive industry. If everyone sets high standards and requirements for us, we should also set them for ourselves. However, I also want to clarify that the speed of our overall production efficiency improvement is still very fast."