[News] Xiaomi’s Smart Factory Opens with 10 Million Annual Flagship Smartphone Capacity

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On July 8, Xiaomi Chairman Lei Jun announced on Weibo that the new generation Xiaomi smartphone smart factory in Changping, Beijing, has officially started operations. According to a report from Economic Daily News, the factory has a total investment of CNY 2.4 billion (roughly USD 330 million) and a construction area of 81,000 square meters, with an annual production capacity of 10 million flagship smartphones. Lei Jun also revealed that the upcoming Xiaomi MIX Fold 4/Flip foldable phones, set to be released this month, will be manufactured at this facility.

This year, Xiaomi has completed two smart factories: the Changping smartphone factory and the Yizhuang automobile factory.

In fact, information about Xiaomi’s new folding phone, the MIX Fold 4, has recently been leaked on Chinese internet platforms. Digital bloggers previously revealed that this phone is powered by Qualcomm’s Snapdragon 8 Gen 3 chip.

Reportedly,  this factory is said to be Xiaomi’s first large-scale self-owned smartphone factory. Its launch marks a crucial milestone in Xiaomi’s smart manufacturing journey.

According to the report, the factory boasts a 96.8% self-developed packaging equipment rate, 100% self-developed factory software rate, and holds over 500 patents. It focuses on producing flagship smartphones and operates 24/7, with a daily production capacity of up to 30,000 smartphones.

For the smartphone production in the first quarter of 2024, TrendForce reports that the global top six manufacturers by production market share were Samsung, Apple, Xiaomi, OPPO, Transsion, and Vivo. Together, these companies accounted for nearly 80% of the market share.

Xiaomi (including Xiaomi, Redmi, and Poco) has moved past last year’s high inventory issues, achieving a total production of 41.1 million units in the first quarter and ranking third globally in market share.

Xiaomi Group Partner and President Lu Weibing revealed that the Changping factory is Xiaomi’s first truly smart factory. Key verifications for the Xiaomi 14 Gulf Blue Limited Edition and the craftsmanship of the Xiaomi 14 Ultra were all carried out here.

On the other hand, per another report from Securities Times, Xiaomi’s automobile factory in Yizhuang, Beijing, started dual-shift production in June, with monthly deliveries exceeding 10,000 vehicles.

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(Photo credit: Xiaomi)