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XIAOMI-W Lei Jun: Major Restructuring of Auto Industry in Next 5 Yrs; Industry Must Unite and Compete Positively
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XIAOMI-W (01810.HK) Chairman Lei Jun recently stated at the 2024 World Intelligent Connected Vehicles Conference that the automotive industry is currently facing a major transformation not seen in a century, Chinese media reported.

Lei anticipated that the entire industry structure will undergo a major restructuring in the next five years. During this process, everyone in the industry must unite and engage in positive competition. As the automotive market is vast, it requires cooperation to develop the global automotive industry.

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