China's leading electronics firm BBK will invest 4.75 billion yuan (687 million U.S. dollar) in R&D and production centers in southern city of Dongguan to tackle insufficient capacity, local authorities said Tuesday.
BBK Electronics owns popular smartphone brands OPPO and Vivo. The company plans to invest 2 billion yuan in an OPPO R&D headquarters. Work is to start this year and the HQ will be operational in 2019.
A Vivo production center will cost 2 billion yuan and will also go into operation in 2019. The center will be able produce more than 90 million smartphones, 5 million telephones and 7 million educational electronic products each year.
BBK will also build a factory for educational electronic products in 2018 with investment of more than 750 million yuan.