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Viomi to build IoT technology park in China
- March 17, 2020
Chinese smart home company Viomi Technology has entered into a memorandum of understanding with the local government in Shunde, Guangdong Province, for a planned investment of approximately RMB1bn to develop a high-tech industrial campus.
The planned facilities, consisting of Viomi’s future headquarters and IoT development and manufacturing sites, aim to enhance the company’s supply chain capabilities and promote resource optimisation. This investment and development plan will be executed with the support of the local government.
The Viomi IoT Technology Park will be on an approximate 170,000m2 parcel of land and is expected to be completed in two phases over an up to ten-year period. The first phase, geared towards approximately 36,400m2, is expected to include the company’s multi-functional headquarters, including a product experience centre, research and development centre, smart manufacturing centre, and centralised hub for sales and customer service functions.
The second phase, of approximately 134,000m2, is expected to focus on and accommodate additional product development and manufacturing facilities for the company’s IoT products, serving as a focal point of Viomi’s expanded supply chain capabilities, while attracting more upstream and downstream corporate and business opportunities.
“This investment demonstrates our commitment to strengthening our IoT supply chain resources and provides the necessary underpinning to support manufacturing and research and development capabilities we will need in order to thrive in the upcoming 5G and IoT era,” said Xiaoping Chen, chief executive officer of Viomi. “With this new industrial park, we will be ideally positioned to capture the growing number of exciting opportunities before us over the long term. We look forward to benefiting from Shunde’s advantageous industrial environment and its local policies and further promoting the overall industrial upgrades in China’s next growth phase.”
Viomi has developed an IoT at home platform consisting an ecosystem of IoT-enabled smart home products, together with a suite of complementary consumable products and value-added businesses. This platform provides an entry point into the consumer home, enabling consumers to interact intelligently with a broad portfolio of IoT products in an intuitive and human-like manner to make daily life more convenient, efficient and enjoyable, while allowing Viomi to grow its household user base and capture various additional scenario-driven consumption events in the home environment.