The release of the Tengfei AI Phone still garnered considerable reaction in the market.
The smartphone boom that began in 2010 came to an end with Luo Pangzi's Tsmartphone, marking the decline of the smartphone trend.
Entering the smartphone industry later saw almost no success.
Any major capital also hesitated to step into this industry.
Mainly because the domestic market had already been divided, and the foreign market was well-established, making it much harder to break into the industry compared to the Xiaomi era in 2010.
The Tengfei AI Phone will undoubtedly seek an independent IPO route in the future, but currently, it's 100% owned by Chen Pingsheng.
This project was launched to recover some losses for Tengfei AI.
Otherwise, with years of continuous investment, relying solely on those robots from the super factory wouldn't even recover 1/10 of the costs.
Not to mention, he had invested 25 billion US Dollars in it upfront.
