- Business
- Midea Group Co., Ltd. (000333.SZ) manufactures and distributes a broad range of consumer appliances and commercial equipment, including air conditioners, refrigerators, washing machines, kitchen appliances, small domestic appliances, commercial air conditioners, industrial robots, and automated equipment; the company also provides HVAC solutions, robotics and automation systems, digital platforms, and intelligent building technologies. Founded in 1968 and headquartered in Shunde, Foshan, China, Midea operates globally across more than 190 countries and regions, serving residential, commercial, and industrial customers through segments such as smart home appliances, new energy solutions, robotics, and digital platforms.
In recent developments, Midea has pursued strategic expansions including the launch of advanced AI-integrated appliances and robotics products in 2024-2025, alongside key partnerships for international market growth and acquisitions to bolster its automation and new energy businesses; notable changes encompass investments in overseas manufacturing facilities and a reorganization emphasizing intelligent manufacturing and sustainable technologies within the last two years. The company maintains subsidiaries worldwide and focuses on innovation-driven segments like high-end kitchen systems under brands such as Midea, Colmo, and Toshiba home appliances.