Midea Group Co., Ltd. (1520)

Overview

Midea Group Co., Ltd. is a globally recognized leader in the manufacturing and sales of a wide range of home appliances and robotic automation systems. With a history dating back to 1968, Midea has grown from its humble beginnings to become a powerhouse in the household appliance industry, serving customers worldwide from its headquarters in Foshan, China. The company's operations are diversified across four main segments: Heating & Ventilation, and Air-Conditioner; Consumer Appliances; Robotics and Automation system; and Others. Midea's commitment to innovation is reflected in their extensive product offerings, ranging from air conditioning appliances and refrigeration to robotics and automation systems. They also specialize in the production of core components like compressors and motors, catering to various industrial needs. Moreover, Midea extends its expertise to software services and Internet of Things (IoT) solutions, aiming to revolutionize intelligent home living. Furthermore, the company's involvement in financial and medical industries showcases its versatility and commitment to addressing a wide spectrum of consumer and business needs.

Products and Services

• Home Appliances:

  Midea offers a comprehensive range of household appliances including air conditioners, refrigerators, washing machines, kitchen appliances, and vacuum cleaners, designed to enhance the quality of life in homes around the world.

• Commercial Appliances:

  For businesses and commercial settings, Midea manufactures commercial air conditioning systems, refrigeration units, and large cooking appliances, catering to the needs of various industries from hospitality to healthcare.

• Robotics and Automation Systems:

  The company is at the forefront of technological innovation, developing industrial robots, automated logistics systems, and future factory solutions. Midea's robotics and automation systems are engineered to improve efficiency and productivity in manufacturing and logistics.

• Core Components:

  Midea produces essential components such as compressors, motors, and variable frequency drives under brands like GMCC and Welling. These components are crucial for household appliances, industrial control systems, and the automobile industry.

• Building Solutions:

  Offering comprehensive solutions for building management, Midea's building solutions encompass heating, ventilation, and air conditioning systems designed to create comfortable and energy-efficient environments.

• Software Services and IoT Solutions:

  In the realm of digital transformation, Midea provides software services and IoT solutions aimed at elevating the smart home experience. Their foray into intelligent appliances reflects their commitment to integrating technology with daily life.

• Financial Services:

  Expanding its horizons beyond manufacturing, Midea offers a suite of financial services, including consumer credit, business financing, and leasing services, facilitating access to its products and solutions.

• Medical Imaging Devices:

  The company has ventured into healthcare with the production of medical imaging devices, contributing to the advancement of medical diagnostics and services.