HIGHLIGHTS: Alain Lam - CFO of Xiaomi

Xiaomi has evolved from a 2010 startup focused on smartphone operating systems into a global technology powerhouse through a strategy defined by "China Speed" and high-quality, affordable innovation. CFO Alain Lam highlights the company's rapid expansion into the electric vehicle (EV) market, where it designed and launched its first smart EV in under three years by concentrating resources on a single model and leveraging China’s advanced supply chain. While traditional European automakers excel in drivetrain mechanics, Xiaomi differentiates itself through "smartness" and a "human x car x home" ecosystem that interconnects over a billion devices. The company is now prioritizing "physical AI," integrating its proprietary large language model across its hardware portfolio to enhance user productivity. By utilizing its massive data pool from 800 million smartphone users, Xiaomi aims to lead the transition from digital chatbots to an interconnected, AI-driven physical world.