The ‘smart plant’ will be able to produce 60 smartphones per minute.
The handset maker joins Huawei in setting up a subsidiary in Tampere, where Nokia is also located.
Xiaomi has ceded significant share of China’s smartphone market since May, when Lei took over as president.
Intellectual property disputes are proving to be a major hurdle in Xiaomi’s global expansion plan.
Xiaomi has sharpened its focus on its smart home ecosystem.
A slowing global smartphone market has dented its growth prospects.
The move could potentially increase the delivery rate of quake alerts by up to 200%.
The company expressed optimism about the upcoming ‘5G era’ for its smartphone business.
It took Xiaomi nine years to grow from a startup to one of the world’s largest corporations by revenue.
Cao Qiang previously served a similar role at GOME Finance.