Chinese smartphone and electric vehicle maker Xiaomi has open-sourced a new artificial intelligence model, MiMo-V2-Flash, positioning it as a strong competitor to leading systems from DeepSeek, Moonshot AI, Anthropic, and OpenAI.
The model is now available globally via Xiaomi’s developer portal MiMo Studio, Hugging Face, and its API platform. According to the company, MiMo-V2-Flash is designed to excel in reasoning, coding and agentic tasks, while also functioning as a general-purpose assistant for everyday use.
According to Xiaomi, the model delivers inference speeds of up to 150 tokens per second and operates at a low cost of $0.1 per million input tokens and $0.3 per million output tokens.
On benchmarks, Xiaomi claimed MiMo-V2-Flash achieves performance comparable to Moonshot AI’s Kimi K2 Thinking and DeepSeek V3.2 across most reasoning tests, while surpassing Kimi K2 in long-context evaluations.
In agentic tasks, the model scored 73.4% on SWE-Bench Verified, outperforming all open-source peers and approaching OpenAI’s GPT-5-High. Xiaomi also said it matches Anthropic’s Claude 4.5 Sonnet on coding tasks at a fraction of the cost.
MiMo-V2-Flash uses a Mixture-of-Experts architecture to split large neural networks and has 309 billion parameters, allowing it to balance performance and efficiency. It allows Xiaomi engineers to work on architectural optimisations, significantly reducing the cost of processing long prompts by limiting how much past context the model needs to re-evaluate.
Luo Fuli, a former DeepSeek researcher who recently joined Xiaomi’s MiMo team, described the release as “step two on our AGI roadmap” in a post on X, referring to artificial general intelligence. She credited the team with taking the model from concept to production in just a few months.
Industry observers said the launch strengthens Xiaomi’s AI positioning at a critical time as the company looks to run agentic tasks across phones, tablets, and electric vehicles. Earlier this month, Xiaomi president Lu Weibing said on Chinese social media platform Douyin that returns from the company’s AI investments “far exceeded expectations”, adding that Xiaomi is now pivoting towards embodied AI applications in EVs and robotics.
MiMo-V2-Flash is the latest in Xiaomi’s MiMo model family, but it is the first to draw significant attention from the global AI community, underscoring the company’s growing ambitions beyond hardware and into foundational AI systems.
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