Lei Jun, Chairman of Xiaomi Group, stated on the 29th that on October 30, Xiaomi autos' nationwide navigation system that can be used in all cities will start full push, while Xiaomi Smart Driving with end-to-end + VLM visual language large model will achieve "spot to spot", with targeted invitation for internal testing at the end of November, and pioneer version push at the end of December.

According to the China Information and Communication Research Institute, the market size of china's asia vets driving autos is expected to approach ten trillion yuan by 2025. Citic sec's research reports pointed out that on a global scale, the domestic intelligent driving market is experiencing three major turning points: 1) Technologically, the new architecture of 'BEV+Transformer+Data loop' will start boarding in 2023, making urban navigation without relying on high-precision maps possible; 2) Commercially, it is expected that the urban navigation functions of various automakers will be intensively implemented starting from the fourth quarter of 2023, and some will no longer rely on high-precision maps; 3) In terms of policy, the recent intensive implementation of L3 policies is expected to continue to heat up.

According to the Financial Data Center, among related listed companies:

GuangTing Information currently provides automatic driving human-machine interaction interface related functional testing services for Xiaomi autos.

Beijing Starneto Technology has established initial cooperation with Xiaomi autos, focusing mainly on component-level matching, providing IMU for testing advanced unmanned driving systems.