B[Xiaomi Auto Structural Adjustment: Establishment of International Business Department, Vice President Yu Liguo concurrently serves as General Manager of International Business Department] On November 6th, Xiaomi Motors recently announced that it will undergo structural adjustment and establish an International Business Department. Yu Liguo, Vice President of the Automotive Department, will also serve as General Manager of the International Business Department, reporting to the Group CEO, Automotive Department President Lei Jun and Group President Lu Weibing. In addition, the International Business Department of Xiaomi Motors consists of the Automobile International Marketing Department, which reports to the General Manager of the International Business Department, Yu Liguo, and the Vice President and CMO of the Group, Xu Fei. It consists of the GTM Department, Sales Department, Network Development Department, Delivery Logistics Department, User Service Department, General Management Department, and Overseas Regional Departments, and the relevant work reports to the General Manager of the International Business Department, Yu Liguo. (Sina Finance) B[Lei Jun: Xiaomi’s investment in hard-core technology is expected to exceed 200 billion yuan in the next five years] On October 21, at the 2026 World Intelligent Connected Vehicle Conference, Lei Jun, founder, chairman and CEO of Xiaomi Group, said that so far, Xiaomi has built the world’s largest consumer-grade IoT platform. As of the end of the second quarter, Xiaomi’s global IoT The number of connected devices has exceeded 1.1 billion. In order to improve the overall ecological experience, Xiaomi has continued to increase R&D investment in underlying hard-core technologies such as chips, operating systems, and AI embodied intelligence in the past few years. In the past five years, Xiaomi has invested 105.5 billion yuan in the research and development of hard-core technologies, and it is expected that related investments will exceed 200 billion yuan in the next five years. B[Lei Jun clarifies that "Lei Jun made more than 10 billion by beating Xinyushu": Shunwei's investment is not a new investment, so that young people with ideas can get the first investment] On September 22, Xiaomi founder, chairman and CEO Lei Jun said in a live broadcast on the social platform that the so-called "Lei Jun made more than 10 billion by beating Xinyushu" was not invested by him, but by Shunwei. It’s not about creating something new, but about supporting early-stage entrepreneurs to start their own businesses. Lei Jun mentioned that he met Wang Xingxing, the founder of Yushu Technology, more than ten years ago, and Shunwei was the only investor in Yushu Technology's Series A round. Of course, Shunwei's shareholders also made money. Lei Jun said that in order to build an ecological and industrial chain with Xiaomi, including supporting young people to start their own businesses, several investment institutions have been promoting the innovation of the entire hard-core technology. "The main reason is that when I started my own business, it was difficult to find money. So 20 years ago, I started tinkering in China to develop angel investments so that young people with ideas can get their first investment and make their dreams come true. So based on this idea, we began to support these early entrepreneurs." B[Lei Jun: Xiaomi cars have accumulated more than 40 million kilometers of road testing] On September 16, at the 24th Asian Quality Network Organization Conference, Xiaomi founder, chairman and CEO Lei Jun delivered a keynote speech and systematically disclosed Xiaomi's quality management system for the first time. Lei Jun introduced that as of August 31, Xiaomi has invested a total of 2,696 test vehicles, with a road test mileage of more than 40 million kilometers, covering extreme environments such as high cold, high temperature, and plateaus, and will continue to conduct general testing after launch.
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