Hong Kong stock research agency, on December 18, with the upcoming listing of Xiaomi cars next year, Lei Jun, chairman of Xiaomi Group, also said in an interview that Xiaomi has many natural advantages in making cars, because the essence of smart electric vehicles is the integration of the consumer electronics industry.
And according to Lei Jun, Xiaomi's first car invested 3,400 engineers, and the entire R&D investment exceeded 10 billion, using more than 10 times the investment. In the past 6 years, Xiaomi's R&D investment has grown at a compound annual growth rate of 384%, and the total R&D investment is expected to exceed RMB 20 billion in 2023 and RMB 100 billion in the next five years. High-intensity R&D investment has injected strong impetus into Xiaomi's upward growth.
Lei Jun believes that entering the automotive industry is a challenge for Xiaomi, but the overall difficulty is controllable, and it chooses to build its own car, not mergers and acquisitions, and no OEM. Making a car is not only to enter a new field, but also to supplement and improve Xiaomi's existing business. Xiaomi already has a strong consumer electronics industry chain and Internet ecology, which will provide strong support for the development of Xiaomi automobiles. At the same time, Xiaomi will also take advantage of the development trend of smart electric vehicles to further promote the development of its technology and ecology.
In the future, the launch of Xiaomi cars marks a more complete layout in the field of science and technology. The Hong Kong Stock Research Society will also continue to pay attention to it, looking forward to seeing Xiaomi inject new vitality into the field of smart electric vehicles.