---
title: "Xiaomi's Lei Jun: Suggests that the domestic automotive industry should strengthen internal unity, China can become an important force in the global automotive industry"
description: "Xiaomi Corporation Chairman Lei Jun emphasized at the 2024 World Intelligent Connected Vehicles Conference that the Chinese automotive industry should strengthen internal unity to cope with upcoming m"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/217101713.md"
published_at: "2024-10-17T11:25:18.000Z"
---

# Xiaomi's Lei Jun: Suggests that the domestic automotive industry should strengthen internal unity, China can become an important force in the global automotive industry

> Xiaomi Corporation Chairman Lei Jun emphasized at the 2024 World Intelligent Connected Vehicles Conference that the Chinese automotive industry should strengthen internal unity to cope with upcoming major changes. He pointed out that the industry structure will undergo significant adjustments in the next five years, calling for cooperation and technological innovation to drive China to become a key player in the global automotive industry. Lei Jun also showcased the technological capabilities of Xiaomi's SU7 Ultra prototype car and advocated for industry resource sharing to promote healthy development

On October 17, 2024, the three-day "2024 World Intelligent Connected Vehicles Conference" officially kicked off at the Beijing Etrong International Exhibition Center in Yizhuang North. This conference focused on the latest developments and future trends in the field of intelligent connected vehicles, attracting industry leaders, experts, scholars, and company representatives from around the world. Lei Jun, Chairman and CEO of Xiaomi Corporation, attended the keynote speech this afternoon, sharing Xiaomi's exploration and insights in the field of smart cars, and putting forward unique views on the development of the Chinese automotive industry.

In his speech, Lei Jun pointed out that the automotive industry is currently undergoing a once-in-a-century major transformation, and it is expected that the entire industry's structure will undergo significant adjustments in the next five years. Faced with this historic opportunity and challenge, Lei Jun suggested that the domestic automotive industry should strengthen internal unity and conduct healthy market competition. "The global automotive market is huge, and we have reason to believe that through joint efforts, China can become an important force in the global automotive industry," he said.

Xiaomi is not only committed to promoting technological innovation but also focuses on building an open and win-win ecosystem. Lei Jun used Xiaomi's latest SU7 Ultra prototype car as an example, emphasizing the company's continuous investment in core technology research and development. The performance of Xiaomi SU7 Ultra on the Nürburgring track in Germany demonstrated its outstanding performance, backed by the powerful support of Xiaomi's self-developed V8S permanent magnet synchronous motor. The motor's maximum speed can reach 27,200 revolutions per minute, showcasing Xiaomi's technical strength in the electric vehicle field.

Furthermore, Lei Jun also specifically mentioned Xiaomi's initiative for industry resource sharing and co-construction. He believes that in non-core functions such as in-vehicle entertainment systems, redundant investments between different brands are unnecessary. For example, regarding the design of rear seat displays, Lei Jun believes that if modular options can be achieved, it can meet the needs of specific users while avoiding resource waste, promoting the healthy development of the entire industry.

Finally, Lei Jun called on colleagues in the industry to explore more cooperation opportunities together, promote the Chinese automotive industry to new heights through technological innovation and ecosystem construction. This conference is not only a platform to showcase technological achievements but also an important opportunity to promote exchanges within and outside the industry and build consensus. With the continuous advancement of intelligent connected vehicle technology, it is believed that the Chinese automotive industry will usher in a more brilliant tomorrow

### Related Stocks

- [81810.HK - XIAOMI-WR](https://longbridge.com/en/quote/81810.HK.md)
- [XIACY.US - Xiaomi Corporation](https://longbridge.com/en/quote/XIACY.US.md)
- [01810.HK - XIAOMI-W](https://longbridge.com/en/quote/01810.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.