Core Viewpoint - Xiaomi Group's stock dropped over 4% following the launch of the new Xiaomi 17 series smartphones, indicating market reaction to the product release and pricing strategy [1] Product Launch - The Xiaomi 17 series smartphones were launched on September 25, with starting prices set at 4499 yuan for the standard model, 4999 yuan for the Pro model, and 5999 yuan for the Pro Max model [1] - The Xiaomi 17 series features the global debut of the fifth-generation Snapdragon 8 Supreme Edition [1] - Xiaomi's CEO Lei Jun claimed that the battery capacity of the Xiaomi 17 is double that of the iPhone 17, positioning it as superior to all iPhone 17 models [1] Pricing Strategy - Lei Jun highlighted that the Xiaomi 17 Pro is only 500 yuan more expensive than the standard version, and compared to the iPhone 17 Pro, it is 4000 yuan cheaper, suggesting a competitive pricing strategy [1] Chip Development - Lei Jun emphasized that chip development is essential for Xiaomi's success, committing to at least 10 years and an investment of 50 billion yuan in self-developed mobile SoCs [1] Automotive Development - Regarding the automotive sector, Lei Jun announced that since the delivery of the new SUV model YU7 began on July 6, over 40,000 units have been delivered [1]

Core Insights - The core theme of the article revolves around Xiaomi's transformation into a "hardcore technology company" through significant investments in core technologies and a high-end strategy, as articulated by CEO Lei Jun during his annual speech [1][3]. Group 1: Chip Development Journey - Xiaomi's journey in chip development, termed "chip-making journey," highlights the company's focus on high-end SoC (System on Chip) development, which is seen as essential for its future success [3][5]. - The company faced challenges in its initial chip development efforts, leading to the decision to halt the development of mid-range SoCs in 2018, with a renewed focus on high-end chips as the only viable path forward [5][7]. - As of April 2023, Xiaomi has invested over 13.5 billion yuan in the development of its "Xuanjie" chip, with a team of over 2,500 people, and plans to invest an additional 6 billion yuan this year [9]. Group 2: Product Launches and Market Positioning - The launch of the Xiaomi 17 series smartphones marks a strategic move to directly compete with Apple's iPhone, featuring the latest Snapdragon 8 Gen 2 processor and advanced technology [11][15]. - The starting price for the Xiaomi 17 series is set at 4,499 yuan, with pre-sales already initiated [12]. - The Xiaomi 17 series showcases significant advancements in display, battery, and imaging technologies, emphasizing the company's commitment to high-end product development [14][15]. Group 3: Automotive Customization Services - Xiaomi has introduced a new "customization service" for its automotive line, offering personalized options that were previously only available from luxury brands like Rolls-Royce and Porsche [16][17]. - This service aims to democratize access to high-end automotive experiences, aligning with Xiaomi's broader goal of technological and experiential equality [17].

Core Insights - Xiaomi's chairman Lei Jun addressed the company's journey towards becoming a technology-driven firm, emphasizing the importance of self-developed chips and electric vehicles in the face of intense competition from giants like Apple, Samsung, and Huawei [1][11] - The company has faced skepticism regarding its technological capabilities, often being labeled merely as an assembly factory [1][11] Chip Development - Xiaomi launched its first flagship 3nm chip, the Xuanjie O1, marking a significant achievement in its chip development journey [4][10] - The company previously faced challenges with its chip division, particularly with the failure of its first chip, the Surge S1, which led to a temporary halt in SoC development [6][7] - The decision to re-enter the chip market was driven by the belief that self-developed chips are essential for success in the tech industry [8][10] Market Competition - The smartphone market is described as highly competitive, with six major players each holding an average market share of 15-16% in China [1][11] - Xiaomi aims to adopt a long-term strategy in the smartphone market, focusing on sustained growth rather than quick wins [19] Automotive Ventures - Xiaomi's entry into the automotive sector has been met with significant challenges, including public skepticism and competition from established players [22] - The company has emphasized the importance of collaboration within the automotive industry to foster a positive environment for growth [22] - Xiaomi's electric vehicle models, such as the SU7 and YU7, are seen as critical to its automotive strategy, with a focus on unique design rather than following competitors [20][22]

作者 | 云鹏 编辑 | 漠影 智东西9月25日北京现场报道，刚刚，小米创始人兼CEO雷军一年一度的重磅演讲如期而至，芯片、手 机、汽车、AIoT，各类新产品、黑科技密集轰炸，雷军现场金句频频，引起现场观众的阵阵欢呼。 今年是小米创办15周年，是雷军第6次进行年度演讲。 今年的演讲中，雷军首次透露了不少芯片和汽车背后的细节故事： 五年前，面对苹果华为"几座大山"，雷军为什么决定要"逆天改命"？ 12位高管为什么有9位都是"新面孔"，小米为何、如何重组高管团队？ 为什么松果第一次造芯的失败是"必然"？ 雷军如何一句话打消"继续干芯片，会不会把公司拖垮"的质疑？ 面对3nm芯片2000万美元的投片费，芯片团队是多么忐忑？ 玄戒O1回片一次成功背后，芯片团队到底有多么不易？ 为什么说小米YU7是小米工程师写给所有热爱生活的人，一封最深情、最硬核的情书？ 为什么说50几岁正是闯的年纪？ 智东西 回到今天发布会的主角手机——小米17系列，小米在产品命名上的调整一度引发了网络上的热 议，"17"与苹果iPhone 17系列直接对标。 值得一提的是，尽管雷军分享了诸多自研芯的故事，此次小米17系列并没有搭载小米自研芯片的版 ...

Core Insights - Xiaomi's recent product launch event showcased a comprehensive range of new products, indicating a shift from being an internet player to a hardcore technology company [2][4] - The Xiaomi 17 series was highlighted as a direct competitor to Apple's iPhone, with a focus on surpassing Apple's offerings in various aspects [5][7] Product Highlights - The Xiaomi 17 series includes three models: standard, Pro, and Pro Max, featuring the new Snapdragon 8 Gen 2 processor built on a 3nm process, emphasizing high performance [9][19] - The design of the Xiaomi 17 balances lightweight and premium feel, with a thickness of 8.06mm and a weight of 191g, showcasing a sleek aesthetic [11][15] - The standard and Pro models have a screen size of 6.3 inches, while the Pro Max has a 6.9-inch display, catering to different user preferences [13] - The battery capacity is significant, with the standard version at 7000mAh and the Pro Max at 7500mAh, demonstrating superior endurance compared to competitors [19][22] - The introduction of a new back screen on the Pro and Pro Max models enhances user interaction, allowing for notifications and other functionalities [21] Technological Innovations - The Xiaomi 17 series utilizes a new red light-emitting material that improves brightness and energy efficiency by 11.4%, marking a significant advancement in domestic technology [17][18] - The camera system has been refined with Leica's tuning, focusing on portrait photography and enhancing image quality through advanced algorithms [24] Additional Products - The Xiaomi Pad 8 series was introduced, featuring an 11.2-inch 3.2K display and a lightweight design, emphasizing portability and usability [29][32] - The Pad 8 runs on the new Surge OS 3, designed to function like a computer, supporting various applications and multitasking capabilities [32][35] Strategic Vision - Xiaomi's CEO reiterated the company's commitment to developing its own SoC, with a planned investment of 50 billion yuan over the next decade, aiming for high-end market positioning [37]

Core Viewpoint - Xiaomi's recent product launch event showcased a significant shift towards becoming a hardcore technology company, emphasizing innovation across its product lineup, particularly the Xiaomi 17 series, which aims to compete directly with Apple's iPhone [6][7][10]. Group 1: Xiaomi 17 Series - The Xiaomi 17 series includes three models: standard, Pro, and Pro Max, with a starting price of 4499 yuan [3][11]. - The series features the new Snapdragon 8 Gen 2 mobile platform, built on a 3nm process, with a peak frequency of 4.6GHz, positioning it as a top-tier flagship [14][15]. - The design balances lightweight and premium feel, with a thickness of 8.06mm and a weight of 191g, featuring a 6.3-inch display for standard and Pro models, and a 6.9-inch display for Pro Max [18][21]. - The camera system has been enhanced with Leica tuning, focusing on portrait photography with new algorithms for skin tone restoration and detail enhancement [44][46]. - The Pro and Pro Max models introduce a new "back screen" feature, allowing for additional interaction and notifications, enhancing user experience [40][41]. Group 2: Battery and Display Innovations - The standard version of the Xiaomi 17 has a battery capacity of 7000mAh, while the Pro Max reaches 7500mAh, demonstrating superior endurance compared to the iPhone 17 [34][35]. - The display utilizes new red light-emitting materials, improving brightness efficiency by 11.4%, marking a significant technological advancement in domestic manufacturing [29][31]. Group 3: Xiaomi Pad 8 - The Xiaomi Pad 8 series was also launched, featuring an 11.2-inch 3.2K display, with a starting price of 2199 yuan, designed to be lightweight and portable [50][51]. - The Pad runs on the new Surge OS 3, enabling desktop-like functionality, supporting various applications and multitasking capabilities [57][59]. - The standard version is powered by the Snapdragon 8s Gen 4 processor, while the Pro version features the Snapdragon 8 Gen 2, with significant performance improvements [63][64]. Group 4: Future Aspirations - Xiaomi's CEO emphasized the company's commitment to developing its own SoC, with a planned investment of 50 billion yuan over the next decade, aiming for high-end market penetration [68][69].

Core Insights - Xiaomi officially launched its latest smartphone series, the Xiaomi 17, aimed at directly competing with Apple's iPhone 17 series, highlighting a strategic shift in its product lineup [1][3] - The Xiaomi 17 series includes three models, with the Xiaomi 17 featuring a 7000mAh battery and a starting price of 4499 yuan, while the Xiaomi 17 Pro and Pro Max offer advanced features and higher price points [1][3] - CEO Lei Jun emphasized the company's commitment to core technology development and a transition from an "internet company" to a "hardcore technology company" during his annual speech [5][7] Product Launch - The Xiaomi 17 series was launched to directly compete with Apple's iPhone, with a focus on high-end specifications and features [1] - The Xiaomi 17 Pro series includes two models, both equipped with the latest Snapdragon 8 Gen 2 processor, and features a unique "back screen" design for enhanced user interaction [3] - Pricing for the Xiaomi 17 Pro starts at 4999 yuan, while the Pro Max starts at 5999 yuan, reflecting a premium positioning in the market [3] Strategic Direction - Xiaomi is focusing on self-developed chips and electric vehicles, with a commitment to invest at least 50 billion yuan over the next decade in chip development [7][8] - The company has faced challenges in its automotive project but has made significant progress, with the YU7 model achieving over 40,000 deliveries since its launch [8] - Lei Jun's annual speech highlighted the importance of talent acquisition, stating that Xiaomi is actively recruiting to support its rapid growth and innovation [7]

【#雷军回应小米手机跳过16#】#雷军说自己曾陷入严重内耗#9月25日晚7时，雷军举办第6次年度演 讲，雷军在演讲中表示，芯片是小米走向成功的必由之路。自研手机SoC，至少要坚持十年、至少投入 五百亿。#小米发布会#雷军在演讲中多次表达了对友商的认可。在YU7的研发过程中，小米曾将理想与 特斯拉作为参照。理想L9作为家庭SUV、"冰箱彩电"的定位"非常成功"，而特斯拉Model Y则是"一辆出 色的车"，"小米今年年初购买了三辆Model Y，一个个零部件拆、学习。"他建议顾客，如果不选择小米 YU7，可以考虑Model Y；理想i6即将发布，大家也可以考虑购买i6。雷军感谢用户，强调正是所有用 户的支持推动了整个新能源汽车行业的发展。雷军在演讲中大篇幅讲述了凡客创始人、好友陈年的经 历。他说，陈年看了小米SU7发布会后，被雷军跨行造车的经历鼓舞，毅然将只剩三四名员工的公司迁 至杭州转型直播电商，并重回抖音男装头部。雷军说："就是在那一刹那，我的脑子里冒出这么一句 话：五十来岁正是闯的年纪。"在下半场手机发布环节，雷军多次将小米最新的17系列对标日前苹果发 布的iPhone17系列，包括外观、价格、续航时间、 ...

Core Viewpoint - Xiaomi has officially launched its latest smartphone series, the Xiaomi 17, aimed at directly competing with Apple's iPhone series, showcasing significant advancements in technology and design [2][4]. Product Launch - Xiaomi released three models in the Xiaomi 17 series, including the standard Xiaomi 17, which features the Snapdragon 8 Gen 2 processor, a 7000mAh battery, and a 6.3-inch display, with prices ranging from 4499 to 4999 yuan [2]. - The Xiaomi 17 Pro series includes the Xiaomi 17 Pro and Xiaomi 17 Pro Max, both equipped with the Snapdragon 8 Gen 2 processor, featuring a unique "back screen" design, and prices ranging from 4999 to 6999 yuan [4]. Strategic Direction - Xiaomi's founder and CEO Lei Jun emphasized the company's shift from an "internet company" to a "hardcore technology company," focusing on core technology investments and talent acquisition [6][8]. - The company aims to invest at least 50 billion yuan over the next decade in self-developed chips, marking a significant commitment to its technology roadmap [8]. Automotive Development - Xiaomi is also pursuing an automotive project, with the SU7 model aimed at competing with high-end electric vehicles like Tesla, and has successfully delivered over 40,000 units of the YU7 model since its launch [9].

Core Viewpoint - The annual speech by Lei Jun, founder and CEO of Xiaomi Group, emphasized the theme of "Change," highlighting the importance of self-developed chips and the company's venture into the automotive industry as essential for future success [2][4]. Group 1: Chip Development - Xiaomi's journey in chip development began in 2014 with the establishment of Pinecone Electronics, but after the release of the "Surge S1," the company halted SoC chip development due to challenges faced [4][5]. - Lei Jun stated that self-developed chips are crucial for Xiaomi's success, asserting that top global tech giants have become chip leaders, and Xiaomi must follow this path despite the complexities involved [5][6]. - In a pivotal meeting in 2022, Lei Jun emphasized the long-term value of investing in chip development, stating that even if the company does not succeed, it will cultivate a strong chip R&D team and transform the company's quality [6][7]. Group 2: Automotive Ventures - Xiaomi's automotive project, the SU7 Ultra, was initiated in December 2021, aiming to compete with luxury brands like Porsche and Tesla. However, the project faced challenges, leading to the temporary suspension of the Ultra variant [7]. - The YU7 model achieved remarkable sales, with over 200,000 units reserved within three minutes of its launch, showcasing the potential impact of Xiaomi's automotive ambitions on the industry [7][8]. Group 3: New Product Launch - The Xiaomi 17 series was launched during the autumn product release event, with the standard version starting at 4,499 yuan. The series features advanced technology, including the fifth-generation Snapdragon 8 processor and a 7,000mAh battery, which significantly outperforms competitors like the iPhone 17 [8][9]. - The Xiaomi 17 series is marketed as the "king of small-size endurance," with a battery capacity nearly double that of the iPhone 17, and it incorporates innovative materials to enhance energy storage [8][9].