Lu Weibing, president of Xiaomi Group, announced today at Xiaomi’s 2025 Human–Car–Home Ecosystem Partner Conference that the company plans to invest RMB 200 billion ($27.8 billion) in research and development over the next five years, with the long-term goal of becoming a global leader in hard-core technologies. For this year, Xiaomi expects its R&D spending to reach RMB 32 billion to RMB 33 billion ($4.4 billion to $4.6 billion), with investment projected to rise to around RMB 40 billion ($5.6 billion) in 2026. Xiaomi also unveiled its MiMo foundation model, a self-developed AI base model optimized for inference, which offers high-efficiency performance despite its relatively small parameter size. It can support a wide range of AI applications across Xiaomi’s smartphones, smart home devices, and automotive ecosystem. [Xiaomi Weibo, in Chinese]