Chinese tech giant Xiaomi is set to invest 200 billion yuan ($27.8 billion) in research and development over the next five years, according to the company’s founder and CEO, Lei Jun. The announcement was made at a recent event in Beijing, where Xiaomi is expected to unveil its first electric SUV and a new advanced mobile chip called Xring O1. This significant investment in R&D highlights Xiaomi’s commitment to advancing its technology capabilities across various product lines. The decision comes as the company continues to expand its presence in the tech industry, particularly in the electric vehicle market and mobile technology sector. Xiaomi’s investment strategy is likely to have a significant impact on its product development and innovation capabilities in the coming years.
