Chinese tech company Xiaomi unveiled its autumn flagship products on the evening of September 7th. Among them, the Xiaomi 18 Fold foldable smartphone starts at 10,999 yuan, making it Xiaomi's most expensive phone to date. Concurrently, four models of the Pengcheng Extended-Range SUV series were officially launched, with prices ranging from 209,900 to 299,900 yuan. The N70 Max and N90 Max saw price reductions of 20,000 and 30,000 yuan respectively compared to their pre-sale prices. The Pengcheng series surpassed 10,000 locked orders within four minutes of its launch. Xiaomi's adjusted net profit for the first half of the year decreased by 42.8% year-on-year. The company also disclosed R&D investments of 105.5 billion yuan over the past five years, with plans to invest over 200 billion yuan in the next five years.