At noon on August 22, Xiaomi’s founder, chairman and CEO personally drove Xiaomi SU7 for a live broadcast at the “Lei Jun’s Co-pilot” Pearl River Delta cruise live broadcast event held today. During the period, when talking about "Xiaomi SU7 lost more than 60,000 yuan per unit sold" after the financial report was released, the industry said, I think this calculation is both correct and incorrect, because Xiaomi Automobile is still in the investment period and has just begun.

  

I think our financial performance is still good. Indeed, in the second quarter, we lost 1.8 billion in innovative businesses such as smart cars. In other words, we invested 1.8 billion. But when we reach a certain scale, I believe it will be easy to break even, so you don’t need to worry about us.

Lei Jun said, I especially want to say that making a car is really not easy. In fact, it is not easy for every car manufacturer, because making a car is indeed difficult first, and requires a lot of investment in the second. So after the announcement, I saw that there was a lot of heated discussion. Some people think it is normal, and some people think we have lost a lot. In fact, I think it is okay. I think it is a very good financial report.

Lei Jun said that these numbers in the first quarter show that we are definitely on the poker table. I think there is still a long way to go. We still have to respect the objective laws of the entire automobile industry and conscientiously make cars well.