China's Xiaomi to invest almost $28 billion in core technology R&D over next five years

Xiaomi plans to invest 200 billion yuan ($27.8 billion) in core tech R&D over five years, CEO Lei Jun announced in Beijing. The move coincides with the launch of Xiaomi’s first electric SUV and its advanced mobile chip, Xring O1, marking a major ...

By Reuters | Updated: May 23, 2025, 05.41 PM IST

China's Xiaomi plans to invest a further 200 billion yuan ($27.8 billion) in core technology research and development over the next five years, founder and CEO Lei Jun said on Thursday.

Lei announced the decision at an event in Beijing, where the company is due to launch its first electric SUV and advanced mobile chip Xring O1 among other products. ($1 = 7.2050 Chinese yuan renminbi)

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