Xiaomi CEO: ultra high-end smartphone factory to come in late 2023

At the 5th World Intelligence Congress held today, Lei Jun, founder of Xiaomi Group, said that Xiaomi is building the second phase of its smart factory, which is expected to be completed by the end of 2023. When completed, it will have an annual production capacity of 10 million ultra-high-end smartphones, and the output value will reach 50 to 60 billion RMB.
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