11/21, 6:29 AM (Source: TeleTrader)
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Xiaomi to open smart factory in Beijing

Xiaomi CEO Lei Jun (pictured) announced on Thursday that the Chinese technology company will open a new smart factory in Beijing next month.

According to Lei, the company will make 1 million smartphones per year at the plant, which is expected to make the manufacturing process 60% faster than it is at regular factories.

Breaking the News / NP