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Lei Jun: Xiaomi R&D Investment Expected to Top RMB24B in 2024, RMB30B in 2025
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XIAOMI-W (01810.HK) Chairman Lei Jun announced at the “Xiaomi 15 Series and Xiaomi HyperOS 2 New Product Launch Conference” that the company's R&D investment is expected to surpass RMB24 billion in 2024, which is planned to reach RMB30 billion by 2025. Lei also updated on the progress in Xiaomi's smart driving, saying that the city navigation, Navigate On Autopilot (NOA), which was fully launched today (30th), now covers the entire country. Xiaomi's smart driving system also features an end-to-end foundation model and a visual language foundation model, which make driving more human-like. It is expected to start closed beta testing at the end of November and be available in pioneer version at the end of December. AAStocks Financial News |
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