Philips Lighting has signed a joint venture agreement with mobile internet company Xiaomi for smart home lighting in China.
Under the JV agreement, the two companies will design and develop connected LED luminaires and lamps for Xiaomi’s wireless smart home platform, including apps for controlling the lights both via Android and IoS-based smartphones.
According to the statement released by Philips, the co-developed products will be sold through Xiaomi’s retail channels, which are already selling several smart LED luminaires especially designed and produced for Xiaomi by Philips Lighting.
“Bringing together Xiaomi’s winning platform and online marketing philosophy with Philips Lighting’s superior connected lighting technology is a great idea,” said John Wang, the Philips Lighting Market Leader for Greater China.
“In the coming months, Xiaomi customers using its smart home ecosystem will be able to choose from an even broader family of well-designed connected LED luminaires that work flawlessly on the Xiaomi platform.”
The joint venture company will be 70% owned by Philips Lighting and 30% by Xiaomi.
“Philips Lighting is a global leader in the lighting industry with a history of over a hundred years, while Xiaomi has built a smart home ecosystem with the largest user base and the widest variety of products in China,” said Liu De, Xiaomi’s Co-founder, Vice-president and Head of Mi Ecosystem.
“By contributing respective advantages from both companies, Xiaomi and Philips Lighting will provide customers with the best smart lighting solutions through this cooperation.”