Haier Smart Home Announces to Complete Acquisition of Kwikot
Haier Smart Home has officially completed its acquisition of Electrolux South Africa Proprietary Limited (ESA), a subsidiary of Electrolux Group specializing in water heating solutions in South Africa.
With Its Third Factory in Brazil, Midea Cements South American Expansion
Global home appliance giant Midea Group Co. Ltd. has strengthened its foothold in South America with the opening of its third manufacturing facility in Brazil, a milestone in the company’s global expansion.
BSH’s China Arm Will Drive German Home Appliance Giant’s Global Innovation, China Chief Says
BSH Home Appliance Group’s China division will become the global innovation engine of the German white goods maker and the focus in the future will be on research and development in China, the president of the firm’s China arm told Yicai.
Xiaomi breaks ground on its first smart home appliance factory in Wuhan
On November 26, Xiaomi Group officially broke ground on its first smart home appliance factory in Wuhan. Following its two smart factories for smartphones and cars, the company steps up its investment in smart manufacturing to fuel the rapid development of its home appliance business.
Haier Smart Home posted net profit of 15.154 billion yuan for first three quarters of 2024, up 15.3% YoY
On October 29, 2024, Haier Smart Home announced its financial results for the first three quarters, reporting revenue of 202.971 billion yuan, an increase of 2.2% year-on-year, and net profit attributable to shareholders 15.154 billion yuan, up 15.3% year-on-year.
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