The literal translation should be "xbox one second generation"
expected production capacity is 400K per week / 1.2 million a month seems too low, no?
Xbox One 二代 is translated to "Xbox One II"
If someone else could translate the rest it would be much appreciated.
Thanks to: Maximilian Kolbe
http://www.weibo.com/3139784387/DsVRfDnuE?type=repost#_rnd1461765219074
Looks like it's about slim one? the project started at Feb 2014, and the mass production started at Feb 2016.