Appliance makers expand overseas footprint
Chinese home appliance makers are expanding their footprint in emerging overseas markets, such as Mexico, India and Vietnam. They are also increasing investment in localized research and development amid intensified competition from rivals in the domestic market, industry experts said.
Smart water purification factory of BWT Haier put into production in Qingdao
Smart water purification factory of BWT Haier was put into production in Qingdao, Shandong province on June 9, 2023. The factory is located at Qingdao International Economic Cooperation Zone with a planning area of 61333 sqm (92 Mu) and a total investment of 0.46 billion Yuan. It manufactures full...
Midea Takes Control of China’s Clou Electronics to Deepen Energy Storage Footprint
Midea Group, a Chinese home appliance giant, will become the controlling shareholder of Clou Electronics, a smart meter and energy storage developer, to control the second listed company in the field.
Xiaomi air conditioning established strategic cooperation with Panasonic
The air conditioning division of Xiaomi Group announced on June 14, 2023 its strategic cooperation with Panasonic. The multi-level, multi-field strategic cooperation involved the resource sharing of R&D, production and manufacturing of air conditioning products.
Alibaba-Backed Takeout Platform Ele.me Adds Suning’s Electronics Stores
Ele.me and Suning.Com have agreed a partnership by which Suning will become the first large retailer in the computer, communication, and consumer products field to include its stores on the Alibaba-backed takeout platform.
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