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SRI CITY, ANDRA PRADESH, INDIA -- Xiaomi will open a second manufacturing unit here in concert with Foxconn, its main ODM, the company said this week.

The new site will be adjacent to the company's current plant, which employs 5,000 workers. At full capacity, the company will be able to produce one phone per second during peak hours.

India is the largest market in terms of volume and growth rate for Xiaomi. The new plant will boost the percentage of Xiaomi's India sales that are produced in-country up 20 percentage points to 95%. The smartphone maker did $1 billion in revenue in India last year.

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