XIAOMI(HK:01810) Chang Jiang Ri Bao·2025-10-29 00:26Core Insights - Xiaomi's smart home appliance factory in Wuhan has officially commenced production, marking its first self-built smart appliance factory and the third smart production base following its automotive and mobile phone factories [1][2][6]. Group 1: Factory Overview - The factory covers a total investment of 2.5 billion RMB and spans 500,000 square meters, with an initial project capacity for air conditioning units reaching 7 million sets and a production value of nearly 14 billion RMB [2][4]. - The factory employs advanced automation and AI technologies, achieving a product first-pass yield rate exceeding 99% and producing a high-end air conditioner every 6.5 seconds, positioning it as a leader in domestic production speed [4][8]. Group 2: Technological Innovations - Each machine in the factory is equipped with an independent "brain" that enhances production precision and efficiency, utilizing AI visual systems to correct minor errors in the manufacturing process [3][4]. - The logistics system incorporates high-speed magnetic levitation technology, significantly improving operational efficiency by reducing processing time to under 6 seconds [3][4]. Group 3: Strategic Importance - The establishment of the factory supports Xiaomi's rapid growth in the home appliance sector, with air conditioning sales surpassing 5.4 million units in the second quarter and maintaining over 50% growth for three consecutive quarters [8]. - Xiaomi aims to achieve a scale of 100 billion RMB in its home appliance business over the next five years, with a goal to rank among the top two in the Chinese air conditioning market [8]. - The factory is part of a broader strategic framework that includes a global headquarters and an R&D center in Wuhan, solidifying the city as a key hub for Xiaomi's smart home ecosystem [5][8].