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Lei Jun: Don't Overrate BBA; CN Car Brands Are Rising in Full-swing
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A netizen created a price ranking of new luxury car models in the Chinese market that included the Yangwang U8 priced at RMB1.098 million, Xiaomi SU7 Ultra at RMB814,900, and NIO ET9 at RMB800,000, and stated that those who do not work harder can only drive a BBA (BMW, Mercedes-Benz, Audi). Lei Jun, Chairman of XIAOMI-W (01810.HK), responded by saying that while there is much to learn from BBA for Chinese manufacturers, one should not overrate them, and that Chinese brands are now rising in full-swing. Regarding the doubts about Xiaomi products being sold for over RMB800,000, Lei noted that what he truly cared about was whether Xiaomi's products were good enough, worth the price, and beyond expectations. AAStocks Financial News |
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