$XIAOMI-W(01810)$ Xiaomi has a higher gross profit margin than Tesla: 1. Foreign companies spend money according to European and American standards, and their costs are higher than in China. 2. Xiaomi is good at reducing costs in every link, otherwise the phone would not be sold so cheaply, including automated factories. If Xiaomi maintains a higher gross profit margin than Tesla (and will increase in the future), then when Xiaomi cars enter the international market and reach Tesla's current sales volume, its market value will be as high as Tesla's current market value of 700 billion US dollars, which means it may increase by more than 10 times.
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