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.

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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.

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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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Hisense sees automotive electronics as a second curve

Hisense has been on a transition to diversify its B2B business and regards automotive electronics as one of its second curves after it acquired Japan’s automotive air-conditioning manufacturer Sanden two years ago, stated Jia Shaoqian, chair of the board and President of Hisense Group. He unveiled ...

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Net profit of Haier Smart Home up 12.6% YoY for Q1 2023

Haier Smart Home posted revenue of 65.066 billion Yuan for Q1 2023, up 8% YoY, net profit attributable to shareholders of the parent company 3.971 billion Yuan, up 12.6% YoY, and net profit attributable to shareholders of the parent company after the deduction of non-recurring gains and losses 3.7...

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