Xiaomi to Invest RMB 200 Billion in R&D Over the Next Five Years

[Corporate Strategy] Xiaomi announced it will invest over RMB 200 billion in technological R&D over the next five years.

Core Development: Full Integration of In-House Technologies by 2026

Lei Jun revealed that in 2026, Xiaomi aims to fully integrate its in-house developed chip, self-built operating system (OS), and proprietary large AI model into a single end-product. Additionally, its robotics business will achieve new milestones.

Key Figures: Steadily Increasing R&D Expenditure

Of this investment, R&D spending in 2025 is projected to reach RMB 32–33 billion, rising further to approximately RMB 40 billion in 2026. Over the past five years, Xiaomi has already invested roughly RMB 105 billion, slightly exceeding its original target of RMB 100 billion.

Strategic Foundation: Focusing on the Integrated Human-Vehicle-Home Ecosystem

Funds will be prioritized for foundational technologies such as chips, artificial intelligence, and operating systems, strengthening Xiaomi’s competitive moat around its "Human-Vehicle-Home Full Ecosystem." Currently, Xiaomi Auto maintains steady monthly sales of 40,000–50,000 units, has achieved profitability, and the company’s market capitalization has surpassed RMB 1 trillion.