Huan Qiu Wang·2026-01-14 06:52Core Viewpoint - The commentary by Xiaomi's investment partner, Pan Jiutang, highlights the evolving landscape of the domestic electric vehicle (EV) industry, emphasizing that while many companies previously benchmarked against Tesla, the results have been limited. Xiaomi's SU7 and YU7 models have gained significant consumer recognition and attracted attention from leading domestic and international automakers [1][6]. Group 1 - Pan Jiutang noted that many car manufacturers are rapidly adjusting their product plans and even changing model naming strategies in response to Xiaomi's successful product launches, which he describes as a normal business reaction [6]. - He emphasized that if Xiaomi were to pursue an extended-range technology route in the future, it would carefully consider the experiences of Li Auto, while maintaining a respectful approach without denigrating competitors [6]. Group 2 - Pan Jiutang elaborated on the relationship between "imitation" and "innovation," asserting that imitation is a crucial foundation for innovation. He stated that no successful company has achieved its status without extensively learning from others [6]. - He argued that relying solely on imitation cannot lead to long-term success, and that industry progress and social development stem from a collaborative environment where companies inspire and push each other through micro-innovations [6]. - Pan Jiutang called for a rational perspective on benchmarking and learning behaviors within the industry, asserting that imitation, learning, and benchmarking are normal business practices that should not be stigmatized [6].