Lei Jun shared on his post that when it comes to the comparison between extended-range and pure electric technology routes, there is no definitive superiority or inferiority; the crux lies in the overall product experience. He firmly believes that EREVs hold significant market potential, as evidenced by brands like Li Auto, which have already demonstrated that consumers are willing to pay a premium for outstanding EREVs. Tomorrow evening at 7 PM, Xiaomi Pengcheng will make its official debut, coinciding with the launch of the Xiaomi 18 Fold foldable smartphone and the Xiaomi Pad 9 Pro Max tablet. The launch event is anticipated to run for no more than 2 hours and 45 minutes, providing a condensed showcase of Xiaomi's latest technological innovations. Developed over a period of three and a half years, Xiaomi Pengcheng is built upon a native extended-range system. It effectively addresses the common pain points associated with traditional EREVs, offering users an intelligent, adaptable, and spacious SUV experience. The vehicle is equipped with a large-battery extended-range system, ensuring travel freedom, and features a spacious design that enhances spatial freedom. Furthermore, it resolves issues such as excessive fuel consumption when the battery is depleted, loud noise generated by the range extender engagement, and the need for frequent maintenance.