At the "Technological Innovation and Future Industry Development" seminar held during the China Development Forum 2026 annual meeting in Beijing from March 22 to 23, Lei Jun, Founder, Chairman, and CEO of Xiaomi Group, announced that the company's cumulative research and development investment over the past five years has surpassed 100 billion yuan, with plans to exceed 200 billion yuan over the next five years. This intensive R&D focus is translating into tangible breakthroughs.
He detailed that last year, Xiaomi independently developed and mass-produced its first smartphone System-on-a-Chip (SoC), the "Xuanjie O1." Through this development effort, the company has mastered SoC design capabilities and accumulated comprehensive knowledge spanning from architecture to algorithms. These competencies are set to become indispensable foundational support for future core technologies.
Lei Jun emphasized that this year marks the beginning of China's 15th Five-Year Plan period, a time of accelerated technological revolution and industrial transformation. Cultivating and strengthening future industries is a strategic move to shape new drivers of development and gain a competitive edge. This represents not only a major national strategy but also a significant development opportunity for innovative enterprises.
Xiaomi focuses on core technologies and smart manufacturing, having established a complete ecosystem encompassing "People, Cars, and Home." At the core technology level, this involves various fields including communications, embodied AI, integrated circuits, and new energy sources. For over a decade, Xiaomi has pursued growth by continuously exploring new technologies, developing new products, and creating new ecosystems. By adapting to market dynamics, the company aims to create new demand, lead consumption trends, build new experiences, and ultimately enhance users' lives.
From Xiaomi's perspective, technological innovation will drive future industry development through three key characteristics.
First is cross-integration. Technologically, future innovation will involve the collaborative integration of multiple technology clusters. Industrially, the commercialization of future technologies and the evolution of existing industries will create new market spaces through convergence. China's comprehensive industrial ecosystem provides fertile ground for future industries, where the depth and breadth of the existing industrial base directly influence the pace and height of future industrial development. For instance, Xiaomi's ongoing research into embodied AI robots relies not only on breakthroughs in intelligent algorithms but also on supporting components like precision reducers and servo motors. Diverse innovation pathways, a complete industrial system, and strong supporting capabilities are crucial for future industry growth.
Second is demand-supply iterative innovation. Cultivating future industries requires embracing uncertainty, and China is the most suitable market for developing highly uncertain industries. Currently, 5G users in China account for nearly two-thirds of the total, new energy vehicle penetration exceeds 50%, and Level 2 autonomous driving penetration is over 50%, all ranking first globally. This success stems from government foresight in building new infrastructure and the benefits of a massive market. The large market provides initial momentum and validation space, while companies connect technology with users, driving technological optimization and iteration through open supply chains and application scenarios, ultimately achieving commercial implementation. This positive feedback mechanism, driven by large-scale market demand and iterating from demand to technology, to scenarios, to industry, is a unique advantage for China. In its first decade, Xiaomi participated in popularizing smartphones and mobile internet. Today, the company is deepening its foundations in areas like large AI models, embodied AI, and 6G, strengthening its conversion capabilities, and advancing towards the widespread public adoption of future industries.
Third is globalization. Future industries originate from breakthroughs in cutting-edge technologies and serve human needs; the principles of technology and fundamental human requirements are borderless. Future industries inherently possess a global character that fosters collaborative innovation. China is becoming a primary source of global technological innovation. Building the ecosystem for future industries requires leveraging global resources while openly sharing achievements worldwide. Xiaomi is committed to global technological innovation and sharing, having open-sourced its self-developed full-stack large AI model and embodied AI model to developers globally. The company is also an active participant in multiple working groups of the international 6G standards organization, 3GPP.
To address future changes and contribute to future industry development, Xiaomi is intensifying its focus on innovation in two main areas.
The first is tackling core technologies. The company's cumulative R&D investment over the past five years exceeded 100 billion yuan, with plans to invest over 200 billion yuan in the next five years. This high-intensity R&D is yielding concrete breakthroughs. Beyond the "Xuanjie O1" SoC, Xiaomi has developed its HyperOS, which is essentially a distributed operating system designed for heterogeneous hardware with real-time responsiveness. It provides an OS-level solution for scheduling and coordination across complex systems like embodied AI. The company's full-stack MiMo large AI model enables AI capabilities to run locally on phones, cars, and future embedded devices, making AI ubiquitous and truly realizing "Physical AI," thereby integrating a complete AI ecosystem into everyone's life. Through self-developed AI operating systems, Xiaomi has achieved capabilities in general autonomous perception, collaborative decision-making, and real-time R&D for smart manufacturing across various fields, including automotive and consumer electronics.
The second area involves building an open ecosystem to foster collaborative innovation. Xiaomi's "People, Cars, and Home" ecosystem connects over 1 billion smart devices globally and has 742 million monthly active users, creating a vast network of real-world data and scenarios. This ecosystem can provide an ultra-large-scale and diverse innovation validation environment for early 6G technology applications. Xiaomi has also established an innovation ecosystem through investments and incubations, comprising hundreds of core technology companies and dozens of specialized SMEs covering fields like sensors, new materials, and precision components. This ecosystem acts as an innovation accelerator, facilitating industrial iteration and feedback for key components of future industries.
Looking ahead to the 15th Five-Year Plan period, Xiaomi remains committed to investing heavily in core technologies, continuously advancing basic research, smart manufacturing, and open ecosystem development. The company is determined to proactively adapt to the business model and industrial restructuring brought by technological change, striving to lay a solid foundation and contribute to the prosperity of future industries. Cultivating future industries is a long-term endeavor requiring countless enterprises to deepen their expertise and innovate diligently in their respective fields. Xiaomi is ready to collaborate with peers and various sectors of society to pioneer innovation and jointly create a brighter, innovation-driven industrial future.