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Lei Jun: Xiaomi to Pour Min. RMB200B in R&D Over Next 5 Yrs; Car Delivery Target Set at 550K Units This Yr
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XIAOMI-W (01810.HK) will pour at least RMB200 billion in technology R&D over the next five years, Lei Jun, founder and chairman of the company, revealed in the first live broadcast of 2026. Over the past five years, approximately RMB105 billion has been invested. Lei also disclosed that Xiaomi's automobile deliveries breached 410,000 units in 2025, with a target of 550,000 units in 2026. He emphasized that more effort will be made on automobiles in 2026, and the delivery target should neither be too high nor too low, aiming to surpass the goal set at 550,000 units. During the broadcast, Lei also mentioned that Xiaomi Auto's Yizhuang factory hosted 130,000 visitors for tours and experiences throughout 2025. As of October 2025, Xiaomi YU7 was the top-selling large SUV for four straight months, becoming a new generation of popular model. AASTOCKS Financial News Website: www.aastocks.com |
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