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1. Oct 21
   Lei Jun: Xiaomi plans over RMB 200B in hardcore tech R&D over next five years

   Speaking at the 2026 World Intelligent Connected Vehicles Conference on October 21, Xiaomi founder, chairman and CEO Lei Jun said the company invested RMB 105.5 billion in hardcore technology R&D over the past five years and expects related investment to exceed RMB 200 billion over the next five, citing chips, operating systems and AI embodied intelligence as focus areas. He also said Xiaomi has built what he called the world's largest consumer IoT platform, with more than 1.1 billion connected devices as of the end of the second quarter, a company claim not independently verified in the reports. Lei Jun further argued that the "second half" of intelligent connected vehicles will be decided by ecosystem strength rather than how smart a car is, and disclosed that Xiaomi Auto deliveries have passed 800,000 units at an average price above RMB 260,000, according to DoNews.

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