Midea to Buy Dutch Heating Giant BDR Thermea's China Business
Midea Group plans to acquire the China operations of Dutch heating and ventilation systems provider BDR Thermea Group, to accelerate the Chinese home appliance giant’s global expansion and bolster its shift towards more commercial solutions.
Teka begins a New Century as part of Midea Group
Midea Group, a leading global technology company, has effectively completed the acquisition of Teka Group (excluding Teka Rus LLC). This strategic operation, initially disclosed in June 2024, strengthens Teka Group’s global competitiveness and positions it for rapid expansion in new product...
Appliance makers Midea, Hisense in strategic partnership
Chinese home appliance manufacturers Midea Group and Hisense Group on May 7 inked a strategic partnership to collaborate in multiple fields, such as artificial intelligence applications, global advanced manufacturing and smart logistics.
AUCMA to Build Smart Refrigerator Manufacturing Plant in Indonesia with Annual Capacity of 500,000 Units
AUCMA has announced its plan to build a smart manufacturing plant for refrigerators in Indonesia, with an annual production capacity of 500,000 units. The total investment for the project is approximately RMB 360 million. The project will be constructed in two phases.
Gree Electric Saw Net Profit Up 10.9% Year-on-Year in 2024
On April 27, Gree Electric announced its financial results for 2024. The company reported an annual revenue of RMB 189.164 billion, representing a year-on-year decline of 7.26%. However, net profit attributable to shareholders of the listed company reached RMB 32.185 billion, marking a 10.91% year...
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