Xiaomi's intelligent driving team has an annual budget of about 1.5 billion yuan and will further increase investment in intelligent driving

Lei Jun, founder, chairman and CEO of Xiaomi, said at the Xiaomi Group Investor Conference that the current annual budget of the intelligent driving team is about 1.5 billion yuan, with more than 1,000 engineers. In the next stage, the team will be expanded to 1,500 people this year and 2,000 people next year to further increase investment in intelligent driving.