XIAOMI(HK:01810) Qi Lu Wan Bao·2025-09-24 07:07Core Insights - Xiaomi's Chairman and CEO Lei Jun announced the simultaneous decision to venture into car manufacturing and restart chip production, indicating a significant commitment of the company's resources [1] - The company is preparing for an annual speech on September 25, focusing on the themes of change and the stories behind its new chip and car initiatives [7] Group 1: Business Strategy - The decision to develop both cars and chips is seen as a high-risk move, with an initial investment of 100 billion yuan, which represents nearly all of the company's available cash at that time [5] - Lei Jun emphasized that the automotive and chip businesses are interconnected and can mutually promote each other, supported by specialized teams for each sector [5] Group 2: Competitive Positioning - Lei Jun expressed the importance of benchmarking against industry leaders like Apple, Porsche, and Tesla, stating that aiming for the top is a demonstration of courage and a necessary step for eventual success [5] Group 3: Communication and Engagement - The upcoming annual speech is intended to provide deeper insights into Xiaomi's operations and future direction, despite Lei Jun's admission that public speaking is not his strong suit [5][7]