Emir BardakçıThe 2025 Haidian District Economic and Social High-Quality Development Conference was held yesterday, where Lei Jun, the founder of Xiaomi Group, made significant announcements regarding the company’s progress in the electric vehicle sector.
Lei Jun highlighted that Xiaomi’s breakthrough in the EV industry has been one of the company’s greatest achievements in recent years. Since its EV launch last year, Xiaomi has delivered over 135,000 electric vehicles in just 9 months, setting an industry record. Currently, orders for Xiaomi EVs are booked 6 to 7 months in advance, demonstrating strong market demand.
Lei Jun emphasized that the success of Xiaomi’s EV business has injected powerful momentum into the company’s overall growth. He stated that Xiaomi will increase its investment in the EV sector, drive technological innovation, and upgrade products to further solidify its market position.
Xiaomi’s Massive R&D Investment
In addition to EV advancements, Lei Jun stressed the importance of confidence and R&D investment in overcoming challenges. He noted that companies must trust China’s technological innovation capabilities and market potential. To support this, Xiaomi has planned a massive ¥105 billion investment in core technology R&D from 2021 to 2025. In 2025 alone, Xiaomi will invest ¥30 billion in scientific research, significantly enhancing its competitiveness.
According to IT Home, Xiaomi Group’s Q3 2024 financial report showed a total revenue of ¥92.51 billion, exceeding the estimated ¥90.28 billion, marking a 30.5% year-on-year increase. The net profit for the quarter reached ¥5.35 billion, with an adjusted ¥1.5 billion net loss attributed to innovative businesses such as smart electric vehicles. Lei Jun previously stated that “Xiaomi has delivered its strongest performance in history.”
Xiaomi’s Board Meeting Scheduled for March 18, 2025
Looking ahead, Xiaomi Group’s Board of Directors will hold a meeting on March 18, 2025, to review and approve the full-year financial results for 2024. The agenda will also include discussions on the potential payment of a final dividend for shareholders.
Source: IT Home
