花费亿元增持小米的雷军，对未来充满信心？

Core Viewpoint - Lei Jun, the founder of Xiaomi Group, has increased his stake in the company by spending HKD 100 million to acquire 2.6 million shares, reflecting his confidence in the company's future despite recent challenges [2][3]. Group 1: Recent Developments - Xiaomi has faced significant negative publicity, including issues with the SU7 model, legal disputes over the drilling machine cover case, and safety recalls [6]. - From September 25 to November 19, 2025, Xiaomi's market value has evaporated by over HKD 530 billion, which is equivalent to the combined market value of several competitors [7][8]. - Prior to Lei Jun's personal stake increase, Xiaomi had conducted share buybacks totaling over HKD 800 million for 21.5 million shares [10]. Group 2: Financial Performance - Xiaomi's electric vehicle (EV) business achieved its first profitability, with 500,000 new cars produced as of November 20 [12][13]. - The company has invested over HKD 7 billion in AI and established a team of over 1,800 for smart driving, with R&D centers in Beijing, Shanghai, and Wuhan [16][17]. Group 3: Strategic Intent - Lei Jun's share purchase comes amid a prolonged period of poor stock performance, indicating a strategic move to stabilize investor confidence [18]. - The significant market value loss could impact investor perceptions, and the investment is seen as a calculated risk for future stability [19].