$XIAOMI-W(01810)$ Yu Chengdong

Yu Chengdong was asked about his opinion on Xiaomi's entry into the automotive industry. His response was: I know that they (referring to Xiaomi) will bring strong traffic capabilities. And since their chairman, CEO, and founder is personally leading the effort in this regard, that traffic-generating ability is extremely powerful! In this aspect, we traditional automakers can't compete with them. We are not on the same level; there is a difference of two or three orders of magnitude.

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