China’s Xiaomi are full of surprises and today there was a big one! The announcement of the companies own technology park!
Early today Xiaomi CEO, Lei Jun, met with Chinese government officials to sign a deal where Xioami will be allowed to build it’s own technology park. Construction of the park, located in Jinshan, is believed to take around 3 years and will include offices, staff housing, R&D centers and we believe manufacturing areas.
Xiaomi currently rely on Foxconn and other manufacturers to produce their smartphones, TV’s and routers. It has not been mentioned which products Xiaomi will produce themselves but the move will allow the company to keep up with demand, increase efficiency and maintain high quality.