Xiaomi CEO Lei Jun unveils the company's latest SUV YU7 GT. [Photo provided to chinadaily.com.cn]
Xiaomi launched the YU7 GT, a sports car-grade SUV, the YU7 GT on Thursday, as the tech heavyweight doubles down on its ambitious "human-car-home" ecosystem.
The move came as Xiaomi founder and CEO Lei Jun announced that the company will invest at least 200 billion yuan ($27.6 billion) in research and development over the next five years.
Lei revealed in an interview that Xiaomi has already spent 105.5 billion yuan on R&D over the past five years, achieving breakthroughs in chips, large language models, smart manufacturing, and robotics.
"Our strategy is clear – with chips, OS, and AI as core technologies, we support the full ecosystem of smart terminals," he said. "Give Xiaomi another five years. The company will climb a much bigger ladder."
