<ul><li>Xiaomi announces a massive investment of $27.8 billion in core technology R&D over the next five years.</li><li>The focus areas include electric vehicles, in-house chipsets, and AI technologies to boost global market presence.</li><li>Xiaomi raised $5.5 billion through a share sale to finance its R&D initiatives, particularly in the electric vehicle industry.</li><li>Xiaomi has seen growth in smartphone market share and has ventured successfully into the electric vehicle market.</li></ul>

China’s Xiaomi Commits $28 Billion to Core AI Tech R&D Projects

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