MiMo V2.5 Pro matches DeepSeek pricing

This is less a feature update than a market-share grab: Xiaomi is telling developers that cheap, capable models matter more than premium pricing optics right now. The credit reset makes the cut immediately usable, not just a future headline.

• –The official announcement says API prices can fall by up to 99%, with pricing simplified so it no longer varies by input length
• –Token Plan users get 5-8x more credits, plus a full reset of currently valid quotas, which lowers switching friction
• –DeepSeek’s permanent discount helped normalize ultra-low model pricing; Xiaomi is clearly trying to meet that baseline rather than resist it
• –For teams routing LLM traffic, this increases pressure to optimize for blended cost, not just raw benchmark scores
• –The real winner is developers who can tolerate small quality tradeoffs in exchange for much lower per-token spend