Lei Jun: The R&D team of Xiaomi Automobile has exceeded 2,300 people and will be mass-produced in the first quarter of next year.

Recently, Xiaomi revealed a lot of new news about Xiaomi cars at the investor day. Lei Jun said at the meeting,I spend 1/2 of my time and energy on Xiaomi and its cars, and 1/4 of my time on Xiaomi mobile phones, IoT and high-end. At present, the Xiaomi car research and development team has convened more than 2,300 people. Xiaomi cars will be officially mass-produced in the first quarter of 2024. As for the profitability of Xiaomi cars, Lei Jun believes that in addition to hardware profits, Xiaomi cares more about software profits, just like Xiaomi mobile phones.In the past, cars could integrate sales, after-sales service, and charging piles.