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Xiaomi YU7 Envisioned to Begin Mass Production in Jul; Lei Jun: Defamation a Form of Admiration
2025-06-02 08:47:52 XIAOMI-W (01810.HK) Chairman and CEO Lei Jun revealed on Weibo that Xiaomi SU7 deliveries exceeded 28,000 units in May 2025, while the group is preparing for the mass production of Xiaomi YU7 in full force, expected to begin in July. He also quoted Mo Yan, a writer in Mainland China, as saying that "defamation is a form of admiration (literal translation of "詆毀，本身就是一種仰望")", but later edited the post to remove the comment while retaining the accompanying image. Lu Weibing, the group's partner, president, and general manager of the Xiaomi brand, stated that the group is committed to investing tenfold to make a high quality car, believing that the high attention and anticipation for Xiaomi SU7 and YU7 are based on strong product capabilities. The market speculated that Lei Jun's remarks may be a response to Yu Chengdong (Richard Yu), Executive Director of Huawei, who had earlier said that some car manufacturers cannot deliver or produce a single car if they are put under Huawei's quality standards, emphasizing that quality is Huawei's lifeline. ~ AASTOCKS Financial News Website: www.aastocks.com | |