Haier Begins Construction of AI-powered Factory in Thailand
Chinese home appliance giant Haier broke ground on an artificial intelligence-powered central air conditioning manufacturing base in Rayong, Thailand on Tuesday, marking a major step in its expansion in Southeast Asia.
Midea, Electrolux to Form JV to Sell Fridges and Freezers in North America
Midea Group and Electrolux will link arms to set up a sales joint venture for refrigerators and freezers to jointly explore the North American market, while the Chinese home appliance giant will also buy into two factories of its Swedish peer in the region.
Hisense TVs Enter South Korean Offline Retail Stores for the First Time
Lotte Hi-Mart, South Korea’s major home appliance retail chain, recently announced that it will officially introduce Hisense TVs next month. With the addition of Hisense, Lotte Hi-Mart now carries products from the world’s top four TV brands by global sales volume — Samsung Electronics, LG...
Gree Electric Releases 2025 Annual Results and Q1 2026 Report
Gree Electric announced its 2025 annual results, reporting revenue of RMB 170.447 billion, down 9.89% year-on-year, while net profit attributable to shareholders reached RMB 29.003 billion, also down 9.89% year-on-year. On the same day, Gree also released its Q1 2026 report. Benefiting from gradual ...
TCL Smart Home: Q1 Net Profit Up 1.58%
TCL Smart Home reported first-quarter revenue of RMB 4.886 billion, representing a year-on-year increase of 6.22%. Net profit attributable to shareholders totaled RMB 307 million, up 1.58% year-on-year, while net profit attributable to shareholders after deducting non-recurring items reached RMB 295...
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