Xiaomi Launch February 2026
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President, Xiaomi
Search every verified Lu Weibing interview, podcast appearance, and on-the-record quote โ each transcript cross-checked by AI and human review to confirm speaker identity. At the Xiaomi Launch in February 2026, Lu Weibing stated that the previous year was "one of our best years financially with the revenue reaching a historical high of over 55 billion euros." He also announced that the company would "invest more than 24 billion e over next five years" into key technologies. During the event, he introduced the Xiaomi 17 Ultra, highlighting its camera system co-engineered with Leica, which he described as featuring the "world's first Leica Appleo lens on a smartphone camera" and a "mechanical optical zoom" system. In a January 2025 interview, Lu Weibing discussed Xiaomi's strategy for its new electric vehicle, stating that the company aimed to target "20 million premium users" in China based on its smartphone user base. He explained that the decision to enter the premium segment for the car was influenced by the overlap with existing smartphone users, and positioned Xiaomi as an "ecosystem player" offering a "total solution" connecting cars, smartphones, and home appliances.
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Lu Weibing, partner and president of Xiaomi, says "we think it's a good starting point for us in the premium segment because we have already 20 million premium users in China based on the smartphone."
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