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In Good Company with Nicolai Tangen

Xiaomi CFO: From Smartphones to EVs, Speed to Market and AI

In Good Company with Nicolai Tangen

Norges Bank Investment Management

Norges Bank, Nicolai Tangen, Business, In Good Company

4.7 • 236 Ratings

🗓️ 22 April 2026

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of In Good Company, Nicolai Tangen speaks with Alain Lam, CFO of Xiaomi, about the company’s journey from a smartphone startup to a global technology leader spanning smart devices, electric vehicles, and AI.

Lam shares how Xiaomi’s focus on high-quality products at “honest prices” and its tightly integrated ecosystem have driven rapid growth and innovation. He explains the company’s move into electric vehicles—designing and launching its first car in under three years—and why Xiaomi sees EVs as the next generation of consumer electronics.

The conversation also looks ahead to AI-powered manufacturing, humanoid robotics, and a future where phones, homes, and cars are seamlessly connected. Along the way, Lam offers insights on leadership, company culture, and building lasting customer loyalty.

In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New full episodes every Wednesday, and don't miss our Highlight episodes every Friday. 

 

The production team for this episode includes Isabelle Karlsson and PLAN-B's Niklas Figenschau Johansen, Sebastian Langvik-Hansen and PĂĄl Huuse. Background research was conducted by Oscar Hjelde.

 

Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Hi everybody and welcome to in good company.

0:03.3

I'm Nicola Tangan, the CEO of the Norwegian Soin World Fund, and I'm in today.

0:07.5

I'm in a particularly good company with the CFO of Ciyomi, Alain.

0:12.1

Hello, Nicola.

0:12.9

Thanks for having me.

0:30.5

Now, Al Seomi is just an incredible company with phones, cars, humanoids.

0:35.6

We are the lucky owner of more than 1% of the company.

0:42.0

So just tell us, what do you do and how did it all happen?

0:48.1

Well, thank, Nicola. Thanks for the question. And good to be here. So first of all,

0:57.0

Xiaomi is still a very young company. We just turned 16. We're founded on April 6th, 2010. And since then, we have done a lot, as you mentioned.

1:01.0

But ultimately, I think we think of ourselves as a global technology company.

1:05.0

Obviously, we have smartphones, we have a lot of smart devices,

1:09.0

plus recently we have smart electric vehicles, and we are into

1:13.6

manufacturing.

1:14.6

But underlying all of these is our technology, whether it is our operating system, our

1:20.6

semiconductors, our AI. I think those are the stuff that we built underneath all of our ecosystem, right?

1:30.3

I think we built a pretty comprehensive, what we call a human times car times home ecosystem,

1:37.3

ranging from all your personal devices to whole your home devices and now with your mobility solutions. So that's where we are,

1:46.6

but, you know, we've achieved quite a bit, you know, over the last 15 years. You know, obviously

1:51.8

last year we have over 450 billion R&B in terms of sales and, you know, and we have achieved,

1:59.2

you know, pretty good profitability.

2:05.0

It's just such an incredible story.

...

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