TCL plans to acquire stakes in LG Display
Chinese consumer electronics maker TCL Technology Group Corp said on Thursday that it plans to acquire an 80 percent stake in display panel maker LG Display China and 100 percent stake in LG Display Guangzhou through its subsidiary TCL China Star Optoelectronics Technology for 10.8 billion yuan ($1....
Appliance makers chart big overseas expansion
Chinese home appliance makers are ratcheting up efforts to expand their presence in overseas markets and increase investments in localized operations covering research and development, production and marketing.
Panasonic Group’s Shanghai Co-Creation Center established
Recently, Panasonic Group’s Shanghai Co-Creation Center was established. It is reported that the total office area of the Panasonic Group Shanghai Co-Creation Center is 11,000 square meters. The center will host six Panasonic subsidiary companies and more than 750 employees, making it the largest...
Chinese home appliance giant Haier launches groundbreaking ceremony for 40-mln-USD plant in Egypt
Chinese home appliance giant Haier held a groundbreaking ceremony on Monday for the second phase of its industrial park in Egypt in 10th of Ramadan, a city northeast of Cairo.
Xiaomi TVs made in Egypt are set to enter the African market
On September 3, 2024, Pan Jun, General Manager of Xiaomi TV announced that Xiaomi TVs manufactured by its Egyptian factory will soon be launched in Africa. It is reported that Xiaomi currently has a cooperative factory in Egypt that produces Xiaomi smartphones and other smart devices. This factory...
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