Lei Jun, Chairman of Xiaomi Group, announced at the 15th anniversary strategic new product launch conference that Xiaomi smartphones have been ranked among the top three in the world for 19 consecutive quarters, and Xiaomi cars, chips, and smart factories have completed the leap from 0 to 1. Xiaomi's "full ecosystem for people, cars, and homes" strategy has officially closed the loop, and Xiaomi has since become a technology company with a complete ecosystem. In the next five years, we plan to invest another 200 billion in R&D expenses.