The ‘smart plant’ will be able to produce 60 smartphones per minute.
Xiaomi is selling the idea that smartphones are necessary goods and idemand will bounce back after the pandemic is over.
Lenovo has threatened legal action after the head of its smartphone division left for a job with the smartphone maker.
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.
Overseas sales topped 40% of revenue for the company in the second quarter.
The Xiaomi 9 Pro is China’s lowest-priced 5G handset.
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.