Xiaomi’s Second-Quarter Profit More Than Doubles as EVs, Smart Appliances Drive Record Sales
Xiaomi, a major Chinese maker of consumer electronics and electric vehicles, said second-quarter profit more than doubled as revenue hit a fifth consecutive quarterly record, driven largely by surging EV demand and booming smart home appliance sales.
Household appliance makers accelerate overseas expansion plans
Chinese small home appliance makers are ramping up efforts to expand their footprint in emerging overseas markets and pooling more resources into localized research and development as part of a broader push to bolster global sales and enhance international influence, industry experts said.
Heatwaves in Europe boost AC industry
China's exports of air conditioners are seeing robust growth as unprecedented heatwaves sweep across Europe this summer, leading to surging demand for cooling appliances in the continent and prompting domestic household appliance manufacturers to make their products more intelligent and energy...
Midea, Other Chinese Home Appliance Titans Invest Big in Household Service Robots
Chinese home appliance giants such as Midea Group have sparked a new surge in investment in the household service robot market.
Haier Sanyiniao Launches UhomeCar Connected Car-Home Platform
Recently, Haier Smart Home's Sanyiniao division officially launched UhomeCar, the industry’s first open ecosystem platform for car-home connectivity. The platform extends smart living from the home to the mobility scenario, transforming the car into a mobile smart manager. With just a tap on the...
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