Lei Zi is focusing on smartphones and other products. As long as he doesn't get into the automotive industry, he can keep playing indefinitely, 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 gasoline car companies plus electric vehicles. Pure electric cars are hard to sustain; companies like Huawei, which have other businesses to support them, find it difficult to rely solely on electric vehicles in the future.

For bosses, shareholders, and executives, whether they make money or not, or whether they go bankrupt or not, doesn't really matter. They've already made a fortune through going public, and even if they go bankrupt in the future, they are still winners.