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Lei Zi is focusing on smartphones and other products. As long as he doesn't get into cars, he can keep going and his persona won't collapse so badly.
It all started with car manufacturing. I believe that the future surviving new energy vehicles will still be established automakers like BYD, Geely, and other traditional oil car companies plus electric vehicles. Pure electric cars are hard to sustain; companies like Huawei, which have other businesses supporting them, find it difficult to rely solely on electric cars in the future.