Core Viewpoint - Xiaomi is heavily investing in two major sectors: electric vehicles and self-developed chips, which are seen as critical for the company's future competitiveness and survival in a rapidly evolving market [4][17]. Investment in Electric Vehicles - Xiaomi's electric vehicle project, initiated in 2021, has shown promising results with the SU7 model achieving over 250,000 deliveries within a year and a half, making it the sales champion in the 200,000 yuan and above price segment [9]. - The company plans to ramp up production capacity, with the Beijing factory expected to reach an annual output of 300,000 vehicles by the second half of 2025, alongside a new factory in Wuhan [9]. Investment in Chip Development - Xiaomi restarted its chip development in 2021, aiming to produce its own 3nm SoC chip, the玄戒O1, by 2025, positioning itself as the fourth company globally to achieve this milestone [7]. - The company has invested a total of 1,020 billion yuan in core technology research from 2021 to 2025, with plans to invest an additional 2,000 billion yuan over the next five years [13]. Strategic Importance - The dual focus on electric vehicles and chip development is seen as essential for Xiaomi to maintain its competitive edge against established players like Tesla and Qualcomm [17]. - This strategy is viewed as a significant move to enhance China's position in the global technology landscape, potentially reshaping the narrative around domestic tech companies [17][18]. Leadership Perspective - CEO Lei Jun describes the pressure of these investments as akin to funding two children through college, emphasizing the high stakes involved [4][11]. - The company's shift from being known for cost-effectiveness to becoming a "hardcore tech player" reflects a bold strategic pivot in response to market challenges [17].