Lei Jun: Fight against involution and do not engage in price wars, and soon make automotive chips

2025-06-03 16:22:07

On June 3, Lei Jun, founder, chairman and CEO of Xiaomi Group, said at the Xiaomi Investor Conference that he would fight against internal competition and not engage in price wars, and would soon make automotive chips. Lei Jun mentioned that the price of the standard version of YU7 will not be just 20,000 yuan higher than the standard version of SU7; new businesses such as automobiles and chips are expected to break even in Q3-Q4 this year.

Lei Jun Xiaomi

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