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LeEco’s new manufacturing unit can make 60K phones monthly

Chinese smartphone maker LeEco has setup its first manufacturing facility in Noida with an investment of $5 million. The company claims that the 200,000 sq. feet facility will be capable of producing close to 60,000 phones per month. LeEco plans to ramp up the production to approximately 200,000 devices per month by the end of 2016. The manufacturing plant has been setup in partnership with Taiwan-based electronics manufacturer Compal Electronics and an additional amount of $2 million has been allotted for automation processes for the new manufacturing plant. This development comes just 8 months after LeEco began operations in India. It currently claims to have sold more than 1 million smartphones in India since its entry. IDC pointed out that the LeEco Le 1s smartphone model topped online sales in February among budget models between the range of Rs 10,000 – Rs 15,000. LeEco, in its statement, said that "India is top priority in LeEco's global expansion roadmap." The company currently has an R&D team in India and plans to add over 1,000 engineers to the team by next year for designing and developing products that that will be sold both locally and internationally. Expansion in India LeEco had entered India this year with two smartphones launches, while providing live streaming of video content. In April, the company said that it would invest $10 million to develop cloud infrastructure for delivering content across mobile devices and smart TVs. To supplement this expansion, in January, the company partnered with Eros Now for showcasing ErosNow’s…

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