XIAOMI(HK:01810) Huan Qiu Wang·2025-10-17 03:06Core Insights - The 2025 World Intelligent Connected Vehicle Conference opened in Beijing, with Xiaomi's founder Lei Jun discussing the company's achievements in the smart electric vehicle sector and calling for industry collaboration to advance the ecosystem [1] Group 1: Company Achievements - Xiaomi has delivered approximately 400,000 vehicles since entering the automotive market four and a half years ago, with one and a half years of product availability [3] - The company has invested a total of 5.79 billion yuan in research and development, with a dedicated team of over 1,800 people focused on smart driving technology [3] - Xiaomi integrates mobile technology into its vehicles, allowing users to capture and share moments while driving, which has been well received by customers [3] Group 2: Industry Trends - The electric vehicle phase is considered complete, while the industry is now focusing on the second phase of smart technology integration [3] - AI technology is seen as a key driver for future development, with innovations in on-device AI models enhancing user experience without the need for internet connectivity [4] - The automotive sector is positioned as a crucial node in Xiaomi's broader strategy of creating an interconnected ecosystem of people, vehicles, and homes [5] Group 3: Call for Collaboration - Lei Jun emphasized the complexity of the smart connected vehicle industry, advocating for a collaborative approach among all stakeholders to build a shared ecosystem [5] - The rapid development of China's smart connected vehicle sector is attributed to supportive policies, such as the 2020 State Council's plan for the new energy vehicle industry [5] - Xiaomi is committed to participating as a co-builder in the industry, urging all parties to focus on safety, quality, and innovation while resisting negative practices like online misinformation [5]