Lei Jun, founder and CEO of Xiaomi, expects fierce competition in the EV market. Photo: Shutterstock
Lei Jun, founder and CEO of Xiaomi, expects fierce competition in the EV market. Photo: Shutterstock
Xiaomi

Xiaomi founder Lei Jun says firm’s EV business will have to become a top five player to succeed as industry consolidates

  • Lei Jun said the competition ahead in the EV industry will be brutal amid consolidation
  • Xiaomi founder expects the top 5 global players to take 80 per cent of the EV market when it matures

Lei Jun, founder and CEO of Xiaomi, expects fierce competition in the EV market. Photo: Shutterstock
Lei Jun, founder and CEO of Xiaomi, expects fierce competition in the EV market. Photo: Shutterstock
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