BRIEF-Xiaomi plans to invest 11-12 bln yuan this year in new businesses including autos

Reuters04-23

April 23 (Reuters) - Xiaomi Corp :

* XIAOMI CEO: MOST OF SU7 SUPPLIERS ARE MERCEDES BENZ, BMW AND AUDI SUPPLIERS

* XIAOMI CEO: ESTIMATES THAT SU7'S GROSS PROFIT MARGIN WILL BE 5-10%, IMPACTED BY USE OF EXPENSIVE SUPPLIERS AND PARTS

* XIAOMI CEO: OUR EV BUSINESS WILL 'FULLY FOCUS' ON THE CHINESE MARKET FOR THE NEXT THREE YEARS

* XIAOMI CEO: GOAL IS TO BECOME ONE OF THE WORLD'S TOP FIVE AUTOMAKERS IN THE NEXT 15-20 YEARS

* XIAOMI CEO: SUPPLY CHAIN PARTNERS IN DISCUSSIONS WITH XIAOMI TO RAISE PRODUCTION CAPACITY AND OFFER MORE SUPPORT IN COST TERMS

* XIAOMI CEO: PLANS TO INVEST 11-12 BILLION YUAN THIS YEAR IN NEW BUSINESSES INCLUDING AUTOS

Further company coverage:

(Reporting by Beijing newsroom, Editing by Louise Heavens)

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