Xiaomi Group CEO Lei Jun announced at the launch event for the Xiaomi 15 Ultra and Xiaomi SU7 Ultra that Xiaomi's R&D investment is expected to exceed 24 billion yuan in 2024 and reach 30 billion yuan in 2025. Approximately a quarter of the 2025 R&D budget will be allocated to AI and related businesses. Lei Jun also stated that the projected R&D investment will reach 105 billion yuan over the next five years.