11 Facts About Midea Group

Midea Group is a Chinese electrical appliance manufacturer, headquartered in Beijiao town, Shunde District, Foshan, Guangdong and listed on Shenzhen Stock Exchange.

Midea Group produces lighting, water appliances, floor care, small kitchen appliances, laundry, large cooking appliances, and refrigeration appliances.

Five years later, Midea Group produced its first air conditioner, a product which remains the core component of Midea Group's business today.

In 1973, the subsidiary which handled the core businesses of the company, known as "Guangdong Midea Group Electric", proceeded with a public offering of shares on the Shenzhen Stock Exchange.

Midea Group opened its first overseas production facilities in 2007, in the Vietnam Industrial Park outside of Ho Chi Minh City.

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In 2016, Midea Group made three major acquisitions, the first of which was Toshiba's home appliances business for US$477 million, followed by the even larger purchase of KUKA, the German robotics company.

In recent years, Midea Group has begun launching its own brand in a growing number of foreign markets, such as Brazil, Argentina, Chile, India, Egypt, and most countries in southeast Asia.

Midea Group offers a wide range of smaller appliances, such as microwave ovens, kettles, water dispensers, and vacuum cleaners.

New York Times reported that Midea Group is the largest manufacturer of microwave ovens for several large brands, including Toshiba, Whirlpool, and Black+Decker.

Midea Group is involved in manufacturing automotive parts — including electric water pumps, oil pumps, compressors and power steering motors — through its Welling subsidiary.

In terms of intellectual property, Midea Group has been pursuing registration of its achievements in innovation more recently than before: the number of patent and utility applications made by Midea Group between 2000 and 2004 grew from 2 to more than 40.