1️⃣ Xiaomi’s announcement
On Thursday in Beijing, Lei Jun, Xiaomi’s founder and CEO, said the company would invest 200 billion yuan (about $27.8 billion) in the next five years.
2️⃣ Investment objective
The main objective of this investment is to promote core technology research and development.
3️⃣ Launch of new electric SUV
During this event, Xiaomi is also going to unveil its first electric SUV.
4️⃣ Introduction of Xring01 chip
The company is also planning to launch its new mobile chip, Xring01, which is extremely advanced from a technological point of view.
5️⃣ Focus on core technology
This is another sign that Xiaomi plans on growing its technological expertise.
6️⃣ Long-term strategy
The company plans to further improve its products through this huge investment over the next five years.
7️⃣ Expansion worldwide
This investment plan of Xiaomi points to its increasing competitiveness in the global market.
8️⃣ Expansion beyond smartphones
Xiaomi is expected to use this injection of cash to get involved in making electric vehicles and chips, not just smartphones.
9️⃣ Emphasis on research and development
To ensure new technologies reach the market, the company devotes most of its efforts to research and development.
🔟 Growth over time
Under this plan, Xiaomi hopes to revolutionize its technological capabilities in the coming time, which will keep it ahead of other companies.
