Midea Group

Midea Canada Expands Operations with Move to New 10,000 Sq. Feet Office, Reinforcing Commitment to the Canadian Market

Retrieved on: 
Monday, April 8, 2024
Culture, USD, Growth, MIB, Midea Group, Heart

This strategic move is in response to the increasing market needs and underscores our commitment to providing unparalleled support to our stakeholders in Canada.

Key Points: 
  • This strategic move is in response to the increasing market needs and underscores our commitment to providing unparalleled support to our stakeholders in Canada.
  • Lewis, alongside the regional team – Kelly Yu, Mark Tang, Fred Xia, and Evan Guo joined the celebration of this momentous occasion.
  • Philip Xie, General Manager, Midea Canada, expressed his excitement about the relocation, stating, "Our customers are at the heart of everything we do.
  • In 2023, Midea generated an annual revenue exceeding USD 51 billion, underscoring its position as a key player in the home appliance industry.

Midea Group releases its first-ever ESG brand story with an unexpected VIP visit highlighting its commitment to sustainability.

Retrieved on: 
Friday, March 29, 2024
Other Philanthropy, Other Energy, Alternative Energy, Energy, Technology, Philanthropy, Foundation, Other Technology, Carbon, Science Based Targets initiative, Woman, RMB, Risk, ESG, Sustainable Development Goals, United Nations Global Compact, Certification, Blue Planet, Media Group, Millennium, Very important person, Multimedia, Midea Group, Renewable energy

View the full release here: https://www.businesswire.com/news/home/20240328526418/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240328526418/en/
    Midea Group, a leading global technology group, recently released its 2023 Environmental, Social, and Governance (ESG) Report with ambitious sustainable development goals set for 2030.
  • Midea’s ESG credentials are comprehensive but communicating them to a wider audience can be complex and run the risk of sounding dry.
  • With its unwavering commitment to sustainability, Midea Group is well-positioned to continue leading the way towards a greener and more sustainable future.
  • - In recognition of its dedication to sustainability, Media Group was listed in Forbes' World's Top Companies for Women in 2023.

Midea Group Breaks Revenue and Profit Records with RMB 373.7 Billion in 2023

Retrieved on: 
Thursday, March 28, 2024
Robotics, Consumer Electronics, Retail, Environment, Technology, Home Goods, Sustainability, Annual report, Growth, RMB, KUKA, Research, Acquisition, Electronics, Atmosphere, New energy, Midea Group

Midea Group, the world's largest home appliance supplier, has reported impressive growth and record profits in its 2023 annual report.

Key Points: 
  • Midea Group, the world's largest home appliance supplier, has reported impressive growth and record profits in its 2023 annual report.
  • The company achieved a total revenue of RMB 373.7 billion, representing a year-on-year increase of 8.10%.
  • Concurrently, the net profit attributable to shareholders reached RMB 33.7 billion, a year-on-year increase of 14.10%, marking the largest growth since 2019.
  • Midea Group has invested over RMB 14.5 billion in R&D, employing more than 23,000 research personnel globally.

Toshiba Unveils New Design - New Air Fry Microwave Oven at European Trade Conference 2024 Meeting in Greece

Retrieved on: 
Monday, March 25, 2024
Cooking, Toshiba, Conference, Convection, Food quality, Midea Group

At this prestigious gathering, Toshiba will unveil its pioneering New Air Fry Microwave Oven (MW3-AC26SF), part of the W3 series, ushering in a new era of innovation in kitchen technology.

Key Points: 
  • At this prestigious gathering, Toshiba will unveil its pioneering New Air Fry Microwave Oven (MW3-AC26SF), part of the W3 series, ushering in a new era of innovation in kitchen technology.
  • The New Air Fry Microwave Oven, a flagship product of the W3 series, embodies Toshiba's commitment to excellence and innovation, promising a professional cooking experience with multifunctionality including air fry, convection, grill, and microwave capabilities.
  • The advanced air fry technology allows for healthier cooking with minimal oil, while convection and grill functions offer versatility for various culinary needs.
  • With its multifunctional capabilities, contemporary design, and advanced features, the New Air Fry Microwave Oven represents an advancement in kitchen technology, offering European consumers a more versatile cooking experience.

Global Times: AI, robotics, quantum computing in focus as China strives to develop new quality productive forces

Retrieved on: 
Monday, March 11, 2024
China Mobile, Xinhua News Agency, Central committee, Communist party, Congress, Conference, Real-time, CPPCC, Science, Economic development, Artificial intelligence, AI, NPC, Sichuan University, Hoxhaism, National People's Congress, CPC, Politics, Midea Group, Global Times, National Committee, Renewable energy

"China will strive to modernize the industrial system and develop new quality productive forces at a faster pace this year," noted the report, which placed sci-tech innovation high on the government's agenda.

Key Points: 
  • "China will strive to modernize the industrial system and develop new quality productive forces at a faster pace this year," noted the report, which placed sci-tech innovation high on the government's agenda.
  • Currently, the development of new quality productive forces in China is picking up pace.
  • In order to promote the development of new quality productive forces in China, analysts said the country should firmly adhere to deepening scientific research and technological innovation.
  • Comprised of AI and the manufacturing sector, smart manufacturing is an important part of forming new quality productive forces.

Robotics market set to grow by USD 22.27 billion from 2022-2027; The government initiatives in Europe to be a major trend - Technavio

Retrieved on: 
Tuesday, February 6, 2024
IRobot, Horizon, Robotics, Growth, GEA Group, ABB, AI, USD, Cloud computing, Welding, Challenge, Safety, Industrial, SME, Artificial intelligence, Automation, Midea Group, Cyberdyne Inc., Risk, Teradyne, Honeywell, KION, Intuitive Surgical, L3Harris Technologies

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- The global robotics market size is estimated to grow by USD 22.27 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Feb. 6, 2024 /PRNewswire/ -- The global robotics market size is estimated to grow by USD 22.27 billion from 2022 to 2027, according to Technavio.
  • Government initiatives in Europe, particularly through programs like Horizon 2020, are set to propel the global robotics market growth.
  • The warehouse Robotics Market is projected to grow by USD 4.1 billion with a CAGR of 13.31% during the forecast period 2021 to 2026.
  • The aerospace robotics market size is estimated to grow at a CAGR of 9.2% between 2023 and 2027.

Midea Group Empowers To B Transition with Technology, with both Offensive and Defensive Strategies

Retrieved on: 
Monday, February 5, 2024
Cloud, Robotics, Growth, Research, Bloomberg Terminal, Hang Seng Index, Electronics, Carbon, Automation, Acquisition, Imagination, Midea Group

Therefore, Midea Group has resolutely chosen to develop the To B business while adhering to its To C business with a focus on smart home business.

Key Points: 
  • Therefore, Midea Group has resolutely chosen to develop the To B business while adhering to its To C business with a focus on smart home business.
  • Back in 2017, Midea Group entered the robotics and automation market through the acquisition of KUKA Group of Germany, which promoted the prelude to our To B transition.
  • In addition to external acquisitions, in-house incubation is also a major means for Midea Group to develop its To B business.
  • By combining in-house incubation and external acquisitions, Midea Group has gradually improved the layout of its To B business.

Arc Welding Robots Market to increase by USD 708.44 million during 2022-2027; Growing popularity of industrial robots in APAC to drive the growth - Technavio

Retrieved on: 
Tuesday, January 16, 2024
MIG, KUKA, TIG, Consumables, ARC, Electric arc furnace, Electronics, Robotics, Growth, Arc, Automotive industry, Welding, EAF, 3D, ABB, Industrial, Teradyne, USD, YOY, Industrial internet of things, Free, Machine learning, Renting, Nature, Midea Group, Foundry

NEW YORK, Jan. 15, 2024 /PRNewswire/ -- The arc welding robots market size is expected to grow by USD 708.44 million between 2022 and 2027.

Key Points: 
  • NEW YORK, Jan. 15, 2024 /PRNewswire/ -- The arc welding robots market size is expected to grow by USD 708.44 million between 2022 and 2027.
  • The growing popularity of industrial robots in APAC drives market growth.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • View a Free PDF Sample
    The report recognizes the following as some of the key players in the arc welding robots market: ABB Ltd., Arrowtek Robotic Pvt.

Logistics Automation Market size to grow by USD 20.27 billion from 2023 to 2028- Technavio

Retrieved on: 
Wednesday, January 10, 2024
Cloud, Honeywell, Artificial intelligence, SCM, Java package, Robotics, Cloud computing, Health, Augmented reality, Growth, Big data, Machine learning, Cobot, Reverse logistics, Smart, Third-party logistics, Geography, TMS, Software, Logistics, Data analysis, Mitsubishi Electric, Transport, Schneider Electric, WMS, Raketenjagdpanzer 1, Pathfinding, Predictive analytics, Automation, Midea Group, Drone, Supply chain management, Rockwell Automation, ABB, Predictive maintenance, YOY, USD, Applied Materials, Free, 3PL, Robert Williams (robot fatality), Nature, Internet of things, Warehouse

NEW YORK, Jan. 10, 2024 /PRNewswire/ -- The logistics automation market is expected to grow by USD 20.27 billion between 2023 and 2028.

Key Points: 
  • NEW YORK, Jan. 10, 2024 /PRNewswire/ -- The logistics automation market is expected to grow by USD 20.27 billion between 2023 and 2028.
  • The rising adoption of big data in automated logistics technologies is the key factor driving market growth.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • The dry bulk shipping market size is estimated to grow at a CAGR of 4.09% between 2023 and 2028.

Home Connectivity Alliance Announces HCA Energy Management Interface Specification 1.0 at CES 2024

Retrieved on: 
Monday, January 8, 2024
Consumer Electronics, Retail, IOT (Internet of Things), HVAC, Technology, Home Goods, Manufacturing, Cloud, Home, Toshiba, HCA, Ecosystem, Cooking, Midea Group, Vestel, Refrigeration, Television, Insurance, Business development, Engineering, Device, HSB, SVP, American Standard, CES, Samsung Electronics, Risk management, Lighting, LG, Communication, Renewable energy

Home Connectivity Alliance (HCA), an organization dedicated to the development and promotion of secure interoperability and energy savings across long-life appliances, HVAC systems and TVs within the connected home ecosystem today announced the release of its HCA Energy Management Specification 1.0 at CES 2024 in Las Vegas, Nev., USA on Jan. 9-12, 2024.

Key Points: 
  • Home Connectivity Alliance (HCA), an organization dedicated to the development and promotion of secure interoperability and energy savings across long-life appliances, HVAC systems and TVs within the connected home ecosystem today announced the release of its HCA Energy Management Specification 1.0 at CES 2024 in Las Vegas, Nev., USA on Jan. 9-12, 2024.
  • “HCA Energy Management is based on the principle that appliance manufacturers – like those involved in the Home Connectivity Alliance – are in the best position to determine the energy management potential of connected appliances,” said Yoon Ho Choi, Home Connectivity Alliance President.
  • With HCA Energy Management, key data from appliances that consume the most energy – including how much power they use and how to optimize it – become more accessible.
  • HCA members can offer energy usage insights that empower consumers to leverage HCA technology, resulting in energy efficiency and cost savings.