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Lei Jun: XIAOMI-W Won't Make Cars Priced Under RMB100K in Coming Yrs
Lei Jun, Founder, Chairman and CEO of XIAOMI-W (01810.HK), began a live-stream challenge this morning (17th), driving the new-generation SU7 Pro from Beijing to Shanghai, covering ...
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Lei Jun: XIAOMI-W Won't Make Cars Priced Under RMB100K in Coming Yrs
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Lei Jun, Founder, Chairman and CEO of XIAOMI-W (01810.HK)  +0.020 (+0.064%)    Short selling $773.07M; Ratio 32.185%   , began a live-stream challenge this morning (17th), driving the new-generation SU7 Pro from Beijing to Shanghai, covering 1,265 kilometers with only one charging stop. The challenge is expected to last 15 hours, with arrival in Shanghai at around 21:30 tonight.

During the stream, Lei responded to netizens' questions saying that XIAOMI-W will not launch car models priced below RMB100,000 in the next few years, as the cost of achieving high levels of intelligence in EVs is higher, making it difficult to keep the price under RMB100,000.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-24 16:25.)

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