Xiaomi MiMo-V2.5 slashes API prices up to 99%, joining DeepSeek's permanent price war
Xiaomi's MiMo-V2.5 API now costs as little as 0.02 yuan per million tokens—forever.
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Xiaomi has officially joined the AI API price war triggered by DeepSeek, announcing a permanent price reduction for its MiMo-V2.5 series. The cuts reach up to 99% compared to original pricing, with input cache hits now at 0.02 yuan per million tokens (vs. 1 yuan for uncached), and output at 2 yuan per million for the standard model. The Pro variant costs 0.025/3/6 yuan for cached/uncached input and output respectively. Notably, Xiaomi eliminated the context-length premium—both 256K and 1M token windows now carry the same price.
Beyond raw API cuts, Xiaomi overhauled its Token Plan subscription system: package quotas increased 5-8x at no extra cost, making the Lite, Pro, and Max tiers far more generous. This follows DeepSeek's announcement that its V4-Pro promotional price (already 25% off) will become permanent from June 1. Other domestic players like Alibaba, ByteDance, and Tencent have also adjusted packages recently—some raising prices or removing low-cost tiers. Xiaomi's move intensifies a race where market share is prioritized over short-term margins, especially after MiMo previously topped global call volumes with a free 100-trillion-token offer.
- MiMo-V2.5 API prices drop up to 99%; input cache hits at 0.02 yuan/1M tokens, output at 2 yuan/1M for standard model.
- New Token Plan boosts package quotas by 5-8x; no extra cost; context window length no longer affects pricing.
- Joins DeepSeek's permanent price cut; at least 5 Chinese AI providers have adjusted packages in 6 months.
Why It Matters
Deepening price war makes high-quality AI APIs dramatically cheaper for developers, accelerating enterprise adoption in China.