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Recently, Xiaomi Group held the 2025 Investor Conference. At the meeting, Lei Jun reported on the recent development of Xiaomi to investors and also addressed the questions of common concern. Among them, an investor asked about Xiaomi's car project: why can Xiaomi achieve in over 3 years what Apple couldn't in 10 years? In response, Lei Jun said, "Why couldn't Apple make a car by this point in time? To be honest, I don't know either." But Apple is definitely one of the greatest companies on this planet and has been our benchmark for learning throughout Xiaomi's fifteen-year history. As for the exact reason why they eventually gave up on making a car, I do not know, and external reports cannot be taken as an accurate reference. (Sina Technology)
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