In a recent livestream, facing a netizen's remark of "must buy cars," Luo Yonghao humorously retorted, "Come on, I remember back when I was making phones, you said the same thing."
Regarding the possibility of venturing into the automotive industry, Luo Yonghao admitted to seriously considering car manufacturing, but now it's too late. He believes that the automotive industry requires increasingly high capital investments, faces greater difficulty in financing, and has relatively long production cycles. Additionally, there is still a lack of mature supply chain solutions.
Therefore, after careful consideration, he feels that it's too late for him to enter the car manufacturing industry now. However, even though he won't be making cars, Luo Yonghao stated that he is engaged in equally valuable endeavors.
Luo Yonghao revealed that he will hold a product launch event in September to introduce a tech product priced at $199 and $299, respectively. However, he did not disclose specific details about the product, leading to speculations that it could be related to AR or AI technology.
