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During the earnings call, Xiaomi Group President Lu Weibing observed that the Chinese smartphone market currently features a relatively stable competitive landscape, with various vendors maintaining similar market shares. Nevertheless, he forecasted that over the next three to five years, the market will gradually differentiate, with leading brands consolidating their positions and growing even stronger. Xiaomi's ambition is to incrementally boost its market share by 1% annually. Furthermore, Lu Weibing highlighted that Xiaomi's automotive business, under the strategic synergy of its "people, cars, and homes" ecosystem, has significantly contributed to the brand's breakthrough. As of March 17th, sales of the Xiaomi 15 Ultra have surged by 80% year-on-year.
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