Groundbreaking event for Midea’s new factories in Egypt
Midea Group today announced the launch of its third industrial complex in Egypt in the industrial zone in Sadat City, with investments of $105 million, bringing the volume of Midea Group's investments in the Egyptian market to $247 million and opening the door to approximately 3,900 new job...
Chinese robot vacuums occupy half of overseas market
Chinese robot vacuums, or floor-sweeping robots, had captured nearly 50 percent of the overseas market by the end of 2022 thanks to continuous technological innovation, Yicai reported on Wednesday.
Haier’s interconnected factory for high-end refrigerators put into production in Qingdao
On December 10th 2023, the first ultrathin built-in refrigerator comes off the production line of Haier Shanghe interconnected refrigerator factory in Haier COSMOPlat Industrial Internet Ecological Park in Qingdao, which marks the official production of this interconnected factory for high-end...
Jiaxipera’s Mexico-based compressor factory put into production
Jiaxipera’s compressor factory based in Ramos Arizpe, Coahuila, Mexico put into production on October 26, 2023. With an investment of US$60 million, the 15,000 sq factory has an annual production capacity of 6 million units. It has been the first independently built overseas factory of China’s...
Haier Smart Home releases Q3 performance report
On October 31, Haier Smart Home released its Q3 2023 performance report. The report showed that, Haier Smart Home achieved revenue of RMB 67.031 billion in Q3 2023, a YoY increase of 6.12%, and its net profit attributable to shareholders was RMB 4.185 billion, a YoY increase of 12.92%. The company’...
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