Group 1 - The core message of the news is that Xiaomi has awarded a significant technology prize to recognize outstanding engineering teams, with the O1 team winning the highest award [1][2] - Xiaomi has committed to investing 100 billion yuan in research and development over the past five years, with actual spending around 105 billion yuan, and plans to invest 200 billion yuan in the next five years [1][2] - The technology prize has been awarded six times since 2020, totaling 75 million yuan, with 154 projects competing this year, highlighting the focus on core technologies such as chips, mobile phones, automotive, AI, and materials [2] Group 2 - The company emphasizes three key points: a commitment to technology as a fundamental principle, the importance of an engineering mindset as a core value, and the need to create a top-tier platform for talented engineers to enhance their sense of achievement and happiness [3]

Core Viewpoint - Horizon Together Holding Ltd. has shown long-term confidence in Youjia Innovation by purchasing 688,200 H-shares in the open market, indicating strong support for the company's future growth [1] Group 1: Investment and Market Actions - Youjia Innovation has initiated a share repurchase plan of 200 million yuan, extended the lock-up period for major shareholders, and witnessed multiple rounds of share purchases by Chairman Liu Guoqing, signaling confidence in long-term development [1] - Horizon's decision to increase its stake is based on years of collaboration and recognition of Youjia Innovation's value within the Horizon ecosystem, aiming to accelerate the development of L4 unmanned logistics vehicles [2] Group 2: Technological Advancements and Market Position - Youjia Innovation has achieved large-scale production of domain control products based on Horizon's processing hardware, covering leading domestic and international automotive manufacturers, thus becoming a key player in promoting high-quality industry development [2] - The company is leading in the L2 pre-installation production field while expanding its collaboration into the L4 unmanned logistics sector, showcasing its technological breakthroughs and commercialization achievements at the 2025 Horizon Technology Ecosystem Conference [2] Group 3: Industry Insights and Future Outlook - In the context of the current pressure on the Hong Kong stock market, Horizon's investment serves as a strong endorsement of Youjia Innovation's intrinsic value and growth potential, signaling deep collaboration and long-term progress within the industry [3] - Youjia Innovation's comprehensive capabilities across L2 pre-installation, smart cockpit, and L4 autonomous driving make it a unique player in the market, contributing to its ability to attract further investment from Horizon [4] - The increase in Horizon's stake provides an opportunity for investors to reassess Youjia Innovation, as industry capital often reflects the true quality of a company, with Horizon's continued purchases indicating high recognition of Youjia's performance resilience and growth potential [5]

Core Viewpoint - The smart car ETF Huatai Fu (159795) opened with a decline of 0.87%, indicating a slight downturn in the smart automotive sector on January 8 [1] Group 1: ETF Performance - The smart car ETF Huatai Fu (159795) opened at 1.141 yuan [1] - Since its establishment on January 27, 2022, the fund has achieved a return of 15.13% [1] - The fund's return over the past month is reported at 10.84% [1] Group 2: Major Holdings Performance - Major stocks in the ETF include: - Luxshare Precision opened down 0.92% [1] - Chipone Technology rose by 0.50% [1] - Top Group fell by 0.40% [1] - OmniVision Technologies decreased by 0.48% [1] - iFlytek increased by 1.34% [1] - Desay SV fell by 3.00% [1] - Wingtech Technology dropped by 0.29% [1] - OFILM fell by 0.28% [1] - Joyson Electronics decreased by 0.85% [1] - STMicroelectronics fell by 1.10% [1]

Group 1 - Shanghai has announced a $10 billion investment plan focusing on high-tech industries such as chips, artificial intelligence (AI), and aviation, with over 50 key projects totaling more than 70 billion yuan [1] - The investment aims to enhance local innovation and strengthen China's capabilities in core technology areas, with Shanghai being a representative city in this national initiative [1] - The Pudong New Area is home to leading companies like SMIC, and the Zhangjiang Hi-Tech Park hosts startups in biomedicine, chips, AI, and robotics, indicating a robust ecosystem for technological advancement [1] Group 2 - Shanghai plays a crucial role in China's aviation industry as the main production base for COMAC (C919 aircraft manufacturer) while also striving to solidify its status as a financial center [2] - Other major Chinese cities, such as Shenzhen, are launching similar initiatives to boost local tech industries, emphasizing the importance of government involvement in achieving technological breakthroughs [2] - The competition in technology between the U.S. and China is essentially a contest between California and cities like Shanghai and Shenzhen, highlighting the unique advantages of China's proactive government role in tech development [2]

Core Viewpoint - Xiaomi is focusing on increasing the average selling price of smartphones as a primary operational goal for 2026, while significantly boosting investments in artificial intelligence to transform its entire business line and setting an annual delivery target of 550,000 electric vehicles [1][3]. Group 1: Smartphone Business - Xiaomi's strategy to counter the unprecedented rise in memory chip costs involves increasing the average selling price (ASP) of its smartphones [5][6]. - The upcoming Xiaomi 17 Ultra will be priced 500-700 RMB higher than the Xiaomi 15 Ultra, reflecting the company's commitment to price increases [6]. - The company aims to improve its market share in China by 1 percentage point annually, emphasizing the strategic importance of the Chinese market for its premiumization strategy [8]. Group 2: AIoT Business - The AIoT segment is positioned as a profit stabilizer for Xiaomi, with expectations of approximately 20% year-on-year revenue growth in 2025 and a 2-2.5 percentage point expansion in gross margin [10]. - Xiaomi plans to increase the number of its retail stores from about 500 in 2025 to over 1,000 in 2026, while expanding product categories and exploring partnerships with cross-border e-commerce platforms [10][11]. - Currently, overseas AIoT revenue accounts for about 30% of total revenue, with the company viewing its overseas smartphone revenue (60%) as a long-term reference for AIoT business expansion [10]. Group 3: Electric Vehicle Business - Xiaomi has raised its 2026 delivery target for electric vehicles to 550,000, significantly higher than the previously set target of 410,000 for 2025 [13]. - The growth is driven by increased manufacturing capacity and consumer confidence in new vehicle models, including the SU7 and a new third model [14]. - The company aims to focus on the high-end electric vehicle market, which constitutes 50% of annual passenger car sales in China, while accounting for 80-90% of industry profits [15]. Group 4: R&D Investments - Xiaomi plans to invest 200 billion RMB in R&D from 2026 to 2030, focusing on AI, intelligent driving, and chip development [16]. - The company aims to leverage AI to empower its ecosystem and internal operations, with a significant portion of its code being AI-generated [17]. - Xiaomi has invested 135 billion RMB in the development of its XRING O1 chip over the past four years, with plans to enhance its self-developed smart electric vehicle chips [19][20].

Core Viewpoint - Xiaomi's CEO Lei Jun emphasized the importance of user feedback in the design of the new SU7 model, particularly regarding the choice of interior colors and styles [1][2]. Group 1: User Research and Design Choices - The company conducted extensive user research indicating a strong preference for a pure black interior among consumers [1][2]. - To enhance the aesthetic appeal of the black seats, the design includes gray stitching to prevent a dull appearance, aiming for a balance of sophistication and modern style [1][2]. - The new SU7 will offer four different interior design options to cater to diverse consumer preferences [1][2].

新浪科技讯 1月7日晚间消息，小米集团创始人、董事长、CEO雷军今晚直播。直播中，雷军表示，"有 时候大家可能经常看到网上的一些负面，是因为小米很热，SU7这辆车也很热，可能负面信息更容易传 播。" 责任编辑：何俊熹 责任编辑：何俊熹 新浪科技讯 1月7日晚间消息，小米集团创始人、董事长、CEO雷军今晚直播。直播中，雷军表示，"有 时候大家可能经常看到网上的一些负面，是因为小米很热，SU7这辆车也很热，可能负面信息更容易传 播。" 雷军称，"我也希望大家可以问问身边的小米SU7车主，这个车的情况怎么样，在这一点上我还是非常 自信，哪怕SU7这辆车已经上市快两年时间，在今天还是产品力和竞争力非常强的一辆车。" 雷军称，"我也希望大家可以问问身边的小米SU7车主，这个车的情况怎么样，在这一点上我还是非常 自信，哪怕SU7这辆车已经上市快两年时间，在今天还是产品力和竞争力非常强的一辆车。" ...

Core Viewpoint - The new generation of Xiaomi SU7 is expected to launch in April 2026, with existing users of the first generation having priority for production in a limited-time upgrade program [1] Group 1: Upgrade Program Details - The limited-time upgrade program is available only for users who have locked orders for the first generation Xiaomi SU7 that have not yet been delivered and are before the invoicing process [1] - Users of Xiaomi YU7 or Xiaomi SU7 Ultra are not eligible to participate in this upgrade program [1] Group 2: Tax Subsidy Information - Current orders of the Xiaomi SU7 will benefit from a purchase tax subsidy, which will continue to apply when upgrading to the new generation SU7 [1] - The amount of the purchase tax subsidy will be recalculated based on the configuration price of the new generation SU7 at the time of the user's order lock, as vehicle prices may change [1]

Core Viewpoint - Xiaomi Group's founder, chairman, and CEO Lei Jun announced plans for extensive driver training programs, indicating a significant investment in this area [1]. Group 1: Training Initiatives - In 2025, the company plans to provide free training for over 10,000 car owners [1]. - In 2026, Xiaomi will offer advanced driving training at a relatively low cost [1]. - Lei Jun acknowledged that the investment in training is substantial [1].

雷军也表示，重装的车不会再进入销售渠道。1月3日拆的车是12月28日下线的新车，并非样板车、特供 车、特调车，欢迎更多媒体拆解YU7。 凤凰网科技讯1月7日，小米公司创始人、董事长、首席执行官雷军在直播中表示，之后不再进行装车直 播，原因是装车要严格按照工艺流程，并进行必要的测试，整个过程要10几个小时。 ...