$XIAOMI-W(01810.HK) It feels like large-scale commercialization of humanoid robots is quite difficult for many, with a lot of them taking on commercial performances.

Xiaomi's robot strategy is quite pragmatic, focusing first on the "brain" and the "hands." Regarding the hands, from poaching talent at the end of last year to investing in related companies at the beginning of the year, to the current stage of results, the progress has been relatively fast. For the brain, the focus is on consumer-grade graphics cards, seeking a cost-effective solution with sufficient capability.

If both brain and hand capabilities are available and the price is reasonable, there will be many more commercialization scenarios. Another point is that many robots may have limited production capacity. Now, Xiaomi holds the trump card of a "high-end manufacturing factory," so mass production in the future shouldn't be too difficult.

Now is the result of holding a handful of technologies (AI chips, robots, high-end manufacturing capabilities). As CEO Lei Jun says, it's the moment before achieving a commercial closed loop, so patience is key.