Hunyuan Hy4 Preview vs MiMo-V2.5
Tencent · China | Xiaomi · China · Updated June 2026
Quick verdict
Pick Hunyuan Hy4 Preview for gpqa diamond (92.3) or terminal-bench (85.4). Pick MiMo-V2.5 for native omnimodal — strong image and video understanding or very low cost (~half the inference of the pro tier). On a tight budget at scale, MiMo-V2.5 is the value pick.
Hunyuan Hy4 Preview (Tencent) and MiMo-V2.5 (Xiaomi) are two of the models people most often weigh against each other in 2026. Hunyuan Hy4 Preview is tencent's open-sourced (Apache 2.0) next-generation Hunyuan flagship preview, released August 28, 2026 as a 770B-parameter (49B active) MoE model that helped optimize its own training pipeline. MiMo-V2.5 is xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost. Their biggest split is price, and the breakdown below shows exactly how that plays out for your workload.
Key differences at a glance
- ▸Price: MiMo-V2.5 is about 6× cheaper on input ($0.14/$0.28 per 1M tokens vs $0.834/$2.501 per 1M tokens) — a large enough gap that at scale it can be the single biggest line item in the decision.
- ▸Context window: both advertise 1M+ tokens (~1,500 pages). Tie on paper — test on your own long inputs, since usable recall varies by model.
- ▸Recency: Hunyuan Hy4 Preview is the newer model by about 4 months (released August 28, 2026), usually meaning fresher training data and capabilities.
Side-by-side specs
| Spec | Hunyuan Hy4 Preview | MiMo-V2.5 |
|---|---|---|
| Provider | Tencent (China) | Xiaomi (China) |
| Released | August 28, 2026 | April 22, 2026 |
| Context window | 1M+ tokens (~1,500 pages) | 1M (~1,500 pages) |
| Price (in/out) | $0.834/$2.501 per 1M tokens | $0.14/$0.28 per 1M tokens |
| Open weight? | Yes — self-hostable | Yes — self-hostable |
| Modalities | text | text, image, audio, video, code |
| SWE-Bench Verified | Not published | Not published |
| MRCR v2 @ 1M | Not published | Not published |
Who wins what
GPQA Diamond (92.3)
Hunyuan Hy4 Preview
Tencent's open-sourced (Apache 2.0) next-generation Hunyuan flagship preview, released August 28, 2026 as a 770B-parameter (49B active) MoE model that helped optimize its own training pipeline — and it is the newer of the two.
Terminal-Bench (85.4)
Hunyuan Hy4 Preview
Hunyuan Hy4 Preview lists terminal-Bench (85.4) among its strengths; MiMo-V2.5 does not.
SWE-bench Multilingual (82.9)
Hunyuan Hy4 Preview
Hunyuan Hy4 Preview lists sWE-bench Multilingual (82.9) among its strengths; MiMo-V2.5 does not.
Native omnimodal — strong image and video understanding
MiMo-V2.5
Hunyuan Hy4 Preview is comparatively weak here — text-only, no native vision support
Very low cost (~half the inference of the Pro tier)
MiMo-V2.5
At $0.14/$0.28 per 1M tokens it undercuts Hunyuan Hy4 Preview ($0.834/$2.501 per 1M tokens), and that gap compounds at volume.
Agent-framework integration
MiMo-V2.5
Xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost — and it runs cheaper at $0.14/$0.28 per 1M tokens.
Lowest cost at scale
MiMo-V2.5
At $0.14/$0.28 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Which should you pick?
A cost-sensitive startup shipping high volume
→ MiMo-V2.5
At $0.14/$0.28 per 1M tokens it undercuts Hunyuan Hy4 Preview, and on millions of tokens that margin decides the monthly bill.
Anyone whose priority is gpqa diamond (92.3)
→ Hunyuan Hy4 Preview
It is specifically built for that.
Anyone whose priority is native omnimodal — strong image and video understanding
→ MiMo-V2.5
That is its strongest area.
Hunyuan Hy4 Preview: where it fits
Tencent's open-sourced (Apache 2.0) next-generation Hunyuan flagship preview, released August 28, 2026 as a 770B-parameter (49B active) MoE model that helped optimize its own training pipeline. Released August 28, 2026 by Tencent, it is built for gPQA Diamond (92.3), terminal-Bench (85.4), sWE-bench Multilingual (82.9), and large jump in long-horizon coding vs prior Hunyuan model (DeepSWE 28.0 to 64.3).
Its trade-offs are real: text-only, no native vision support, labeled a 'preview', not yet Tencent's finalized GA flagship, and sWE-Marathon score still low in absolute terms (31.9) despite a large relative jump. At $0.834 in / $2.501 out per million tokens, it sits in the budget price band.
MiMo-V2.5: where it fits
Xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost. Released April 22, 2026 by Xiaomi, it is built for native omnimodal — strong image and video understanding, very low cost (~half the inference of the Pro tier), agent-framework integration, and 1M context for full documents in one pass.
Its trade-offs: not the deepest reasoning tier (see V2.5-Pro), and limited Western tooling and support. At $0.14 in / $0.28 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
Hunyuan Hy4 Preview and MiMo-V2.5 overlap enough that the right pick depends on your specific job. MiMo-V2.5 costs less per token; and each leads in its own area — Hunyuan Hy4 Preview for gpqa diamond (92.3), MiMo-V2.5 for native omnimodal — strong image and video understanding. Rather than crowning one, run the same hard task through both once and let the results decide.
Want both Hunyuan Hy4 Preview and MiMo-V2.5 without two subscriptions? LumiChats gives you these plus 40+ models under one ₹69/day pass (about $1/day) — draft with one, cross-check with the other.
See pricingFrequently asked questions
Is Hunyuan Hy4 Preview or MiMo-V2.5 better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, Hunyuan Hy4 Preview leans toward gpqa diamond (92.3) while MiMo-V2.5 leans toward native omnimodal — strong image and video understanding, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Hunyuan Hy4 Preview or MiMo-V2.5?
MiMo-V2.5 is cheaper — $0.834/$2.501 per 1M tokens vs $0.14/$0.28 per 1M tokens, roughly 6× apart on input.
Which has the bigger context window?
Both advertise 1M+ tokens (~1,500 pages). Remember advertised ≠ usable: recall typically degrades before the ceiling.
Can I use both Hunyuan Hy4 Preview and MiMo-V2.5 together?
Yes — a multi-model platform like LumiChats gives you Hunyuan Hy4 Preview, MiMo-V2.5 and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, Hunyuan Hy4 Preview or MiMo-V2.5?
Hunyuan Hy4 Preview — released August 28, 2026, about 4 months after MiMo-V2.5.
Related comparisons
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.