Lei Jun, founder, chairman and CEO of Xiaomi Group, said at the China Electric Vehicle 100 Forum (2025) on the 29th that the company is technology-based, deeply engaged in underlying technologies, and continuously investing in the long term. Five years ago, Xiaomi was determined to invest 100 billion yuan in five years. In the past five years, Xiaomi has invested about 105 billion yuan. It is expected that the investment in research and development this year will exceed 30 billion yuan. Only with massive investment can the technology and products be truly developed.