The company noted that reaction to the new 9.99 Echo Spot was “incredibly positive”; the bedside device is already sold out for this holiday season.
The company said the plant is one of the most advanced manufacturing facilities, capable of producing steel and aluminum car bodies.
The company said the average cost of surfing the internet on mobile phones has dropped 63.5 percent from 2014 to 2016.
The company is participating in the global pandemic fight via its international cargo network flights to Europe, North America, Oceania, Africa, the Middle East, West Asia and Southeast Asia.
The company, which has bases in Beijing, Shanghai and Shenzhen, has launched a mobile application, enabling users to watch exhibitions through smartphones by using virtual reality (VR) technology.
The company is now aiming to reach out to more cities and is planning to introduce its boxes to Tianjin later this year.
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The company, listed both in Hong Kong and Shanghai, sold 2 million vehicles in 2017, a year-on-year increase of 21 percent, according to Feng.
The company's share closed at HK .64 (.48) in Hong Kong. Xiaomi posted 44.4 billion yuan (.63 billion) in revenue in the fourth quarter of 2018, up 26.5 percent year-on-year, but fell short of the expectations of 47.4 billion yuan, according to Refinitiv data.
The company's Cloud VR platform has already played an active part in offering rich VR content to consumers amid the COVID-19 pandemic. For instance, it has enabled consumers to see the 360-degree livestreaming of Mount Qomolangma.
The composite index tracks business volume, new orders, employment, inventory turnover and equipment utility rate in China's logistics sector. A reading above 50 percent indicates expansion, while a reading below reflects contraction.