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.
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Xiaomi SU7 price is not yet finalized, but it does seem a bit expensive, Lei Jun said.
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While Tesla made cars mobile computing terminals, the automotive industry's new mission now is to create mobile smart spaces, and that's what Xiaomi's car-making is coming for.
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Xiaomi's EV unit will use proven technology, as well as invest ten times more than the industry, to ensure success, according to Lei Jun.
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