XIAOMI(HK:01810) Sou Hu Cai Jing·2025-07-10 03:35Group 1 - The article highlights the significant transformation in China's automotive industry, contrasting the early days of car manufacturing with the current state of high automation in production [3][5] - Xiaomi's super factory is described as a large modern automotive production base, featuring six specialized workshops for electric vehicles and a 2.5-kilometer test track, integrating R&D, production, sales, and experience [5] - The article notes that Xiaomi's production automation is advanced compared to traditional automakers, which may still rely heavily on manual labor, while some emerging companies have not yet achieved the same level of efficiency and precision [5] Group 2 - The report mentions the strong market response to the Xiaomi Yu7 model, with an average of 800 to 900 orders per store within 72 hours of its launch, resulting in a lock-in rate of 75% to 80% across 335 stores [5]