Xiaomi Plans to Increase Mobile Phone Exports This Year

Chinese smartphone manufacturer Xiaomi is planning to increase its mobile phone exports from 90 million units to 110 million units during the current financial year, according to reports.

The company believes that the global shortage of memory chips, which has affected the electronics industry over the past few years, is expected to ease soon. As a result, Xiaomi has decided to further expand its production capacity.

With memory chip supplies expected to improve, smartphone production and global shipments are likely to accelerate. This is expected to help Xiaomi strengthen its presence in key international markets.

The company is also focusing on expanding its market share in major regions such as India, Southeast Asia, Europe, and Latin America through increased production and export activities.

As competition in the global smartphone market continues to intensify, Xiaomi aims to boost both its market share and sales by increasing production and exports.