Xiaomi official website shows that Lei Jun, the founder of Xiaomi Technology, holds 77% of the shares of Weilai Automobile. Lei Jun became one of the major shareholders of Weilai Automobile through Xiaomi's investment. Weilai Automobile is a new energy automobile manufacturer in China. The cooperation with Xiaomi will help promote the development and marketing of electric vehicle technology. By holding so many shares, Xiaomi has an important influence in the development and decision-making of Weilai Automobile, further strengthening the cooperative relationship between the two companies.