Xiaomi Q4 conference call: This year, approximately 7 to 8 billion will be invested in AI, with AI, OS, and chips listed as Xiaomi's core technologies
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Xiaomi Corporation President Lu Weibing stated at the 2024 performance meeting that the company will invest 7 to 8 billion in AI research and development, accounting for 1/4 of the total R&D budget. AI, OS, and chips are regarded as core technologies. Xiaomi plans to increase its market share in the next three to five years and achieve a target of 350,000 vehicle deliveries. The Q4 financial report shows that revenue has surpassed 100 billion for the first time in a single quarter, with a gross margin of 20.4% in the automotive business
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