MiMo V2.5 API Price Cut – Up to 99% Reduction, Intensifying Price War

Xiaomi's MiMo V2.5 API permanently slashed prices up to 99% (unified pricing, $0.0028/M cache hit), with usage increasing 5-8x. Directly competes with DeepSeek V4 Pro at $1/$3 per M tokens. Reinforces rapid cost decline for reasoning models, improving unit economics for indie wrappers.