Lei Jun: YU7 was once an ace in the hole to reverse the tide.

Xiaomi founder, chairman and CEO Lei Jun said, "Perhaps many people do not understand the enormous pressure that Xiaomi's YU7 project faced at the beginning. It was the summer of 22, the most crucial time for the development of SU7. Apart from Tesla, there has not been any pure electric sedan that could sell well. So at that time, almost everyone was not optimistic. If SU7 fails, YU7 would be our last resort, and it must bear the mission of turning the tide for Xiaomi's automotive business."