XIAOMI(HK:01810) Xin Lang Cai Jing·2025-09-25 15:35Core Insights - The core theme of the event was "Change," presented by Lei Jun, founder and CEO of Xiaomi, highlighting the launch of new products and innovations in the automotive and technology sectors [1][11] Product Launches - Xiaomi introduced the Xiaomi 17 series smartphones, Xiaomi Pad 8 series, and various home appliances, showcasing continuous innovation across its ecosystem [2][3] - The Xiaomi 17 Pro series features a "wonderful back screen" innovation, enhancing user interaction and experience [3] - The new "Xiaomi Custom Service" for cars offers 26 personalized options, allowing users to customize their vehicles similarly to luxury brands [3][9] Pricing and Availability - The Xiaomi 17 series starts at 4,499 yuan, with the Pro version at 4,999 yuan and the Pro Max at 5,999 yuan, available for pre-sale [5] - The Xiaomi Pad 8 starts at 2,199 yuan, while the Mi Home appliances have prices ranging from 3,999 yuan to 6,399 yuan [5] Automotive Developments - The Xiaomi YU7 SUV, launched in June, achieved over 240,000 orders within 18 hours, marking a significant milestone in the automotive industry [7] - Since its delivery began on July 6, the YU7 has surpassed 40,000 units delivered, with 69% of buyers being family users [7] Customization and Service - The "Xiaomi Custom Service" is a pioneering initiative in China, offering extensive customization options for the YU7 Max and SU7 Ultra models [9] - The service aims to provide a luxury experience comparable to high-end brands, emphasizing the importance of efficiency and craftsmanship in production [9] Strategic Vision - Xiaomi's strategic shift towards core technology investment began five years ago, with a commitment to invest 100 billion yuan in core technology research over the next five years [11][13] - The company has significantly increased its R&D budget from 9.3 billion yuan in 2020 to an expected 30 billion yuan in 2024, doubling its R&D personnel [13] Technological Advancements - Xiaomi's self-developed 3nm flagship SoC chip,玄戒O1, positions the company among the top global tech firms with advanced chip design capabilities [14] - The SU7 series has become one of the best-selling cars in its price range, with the YU7 achieving notable performance records on the Nürburgring track [16]