Xiaomi invests 28 billion dollars in innovations and electric SUVs!

Xiaomi invests 28 billion dollars in innovations and electric SUVs!

In a landmark announcement on May 22, 2025 in Beijing, Lei Jun, Xiaomi's founder and CEO, said the company plans to invest nearly 200 billion yuan, equivalent to about $27.8 billion, in research and development of core technologies over the next five years. This investment aims to position Xiaomi as a leading innovator in the technology industry, particularly in areas such as electric mobility and mobile computing.

Xiaomi also unveiled two significant new products during this event: the **XRING 01**, a cutting-edge mobile chip, and the **YU7**, the company's first electric SUV. Loud it-boltwise.de The XRING 01 mobile chip is manufactured using advanced 3nm manufacturing at TSMC and directly competes with Qualcomm products. Initial tests have delivered promising results in single-core and multi-core tests, which could strengthen Xiaomi's market position in the field of mobile technology solutions.

Focus on electromobility

Xiaomi is entering the highly competitive automotive market with the YU7 electric SUV to compete with established competitors such as Tesla's Model Y. The YU7 offers modern features, long ranges and advanced driving assistance systems aimed at meeting the latest consumer demands. This is part of Xiaomi's strategic goal to play a significant role in the growing electric vehicle market and offer a combination of innovative technology and competitive pricing.

Xiaomi's revenue distribution, consisting of 61.9% from sales of smartphones and laptops, 27.4% from connected devices and 9.7% from Internet services, highlights the diversification of the company's strategy. Over 50.2% of net sales come from China, showing how important this market is for Xiaomi. With the new investments and product developments, the company wants to strengthen its market position not only in China but also internationally by becoming more independent of external suppliers and concentrating more on its own technologies.

Xiaomi demonstrates a clear willingness to take risks and explore new markets as the company continues to expand its culture of innovation. These moves are part of a broader vision to establish Xiaomi as a leading player in the technology industry, not only in terms of products but also in the way the company responds to the changing needs of the market.