In­ven­tec, Xiaomi team up on over­seas pro­duc­tion

The China Post - - TAIWAN BUSINESS -

Tai­wanese con­tract lap­top maker In­ven­tec Corp. ( ) is work­ing to be­gin pro­duc­tion in In­done­sia and In­dia for ma­jor mo­bile phone cus­tomer, Xiaomi Inc. ( ) of China, as part of an over­seas man­u­fac­tur­ing con­tract. In­ven­tec Chair­man Richard Lee ( ) said his com­pany is one of the over­seas man­u­fac­tur­ing part­ners of Xiaomi, which con­tracted Tai­wan-based Fox­conn Tech­nol­ogy Group ( ) ear­lier this year to pro­duce phones in In­dia and Brazil.

“It’s only a mat­ter of time” be­fore In­ven­tec gets pro­duc­tion go­ing in In­done­sia and is mak­ing “smooth progress” at its new fac­tory in In­dia, which has started ship­ping note­books and tablets, Lee told re­porters on the side­lines of the 20th World Elec­tron­ics Fo­rum and the 11th Asia Elec­tron­ics Fo­rum on Mon­day.

He de­clined to

con­firm, how­ever, whether Xiaomi’s first lap­top, which is due to be re­leased in the first half of next year, will be man­u­fac­tured at In­ven­tec’s In­dian fac­tory.

Tai­wanese media re­ported last month that the Xiaomi notebook, around 15 inches in size and run­ning a Linux op­er­at­ing sys­tem, will be re­leased next year at a start­ing price of 2,999 Chi­nese yuan (US$471).

Mean­while, Lee said he is con­fi­dent that ship­ments of Xiaomi smart­phones will con­tinue to grow, out­per­form­ing the over­all mar­ket in 2016, thanks to its new lineup of low-cost fea­ture-rich phones, although the 5-year-old Chi­nese brand is ex­pected to grow at slower pace than in the pre­vi­ous two years due to sat­u­ra­tion of the global smart­phone mar­ket.

In­ven­tec’s hand­set sub­sidiary, In­ven­tec Ap­pli­ance Corp., as­sem­bled about 30 mil­lion smart­phones for Xiaomi last year, split­ting or­ders with Fox­conn.

Xiaomi CEO Lei Jun ( ) was cited in the Wall Street Jour­nal on Sept. 30 as say­ing that his com­pany is on track to sell 80 mil­lion phones this year, up 31 per­cent from 61.1 mil­lion units last year.

Lei de­clined to make a forecast for 2016, say­ing only that Xiaomi’s big­gest chal­lenge came from man­ag­ing in­ter­nal and ex­ter­nal ex­pec­ta­tions, the news­pa­per said.

Lei said Xiaomi would fo­cus on three key mar­kets out­side China — In­dia, In­done­sia and Brazil — and that his com­pany was aim­ing to be­come the top smart­phone brand in In­dia in the next three years, ac­cord­ing to the re­port.

Rev­enue Tar­get of US$20 Bil. for 2017

In­ven­tec forecast Mon­day that its rev­enue will ex­ceed US$20 bil­lion by 2017, as it is trans­form­ing into a global In­ter­net com­pany.

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