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Midea invested 11 billion yuan! Build a new strategic base for new energy auto parts

Text/Yangcheng Evening News all-media reporter Wang Danyang

Photo/Courtesy of respondents

On February 16, the signing and groundbreaking ceremony of the new base for new energy auto parts strategy of Anqing Welling Auto Parts Co., Ltd. (hereinafter referred to as Anqing Welling), a subsidiary of Midea Industrial Technology, was held in Anhui. This is another major strategic layout of Midea Group in the field of auto parts after investing in the establishment of Anhui Welling Auto Parts Co., Ltd.

As an important strategic project of Midea Group, the total investment of the new energy automobile parts strategic new base project is about 11 billion yuan, of which the investment in fixed assets is about 6.5 billion yuan. The first phase of the project is planned to use 458 acres of land, which is located in the Yuanmeng New District of Anqing City.

Midea invested 11 billion yuan! Build a new strategic base for new energy auto parts

"Midea's new energy auto parts base is the largest total investment project in the history of Midea Group." At the signing ceremony, Fu Yongjun, vice president of Midea Group and president of Midea's industrial technology, said so.

According to public information, Midea's new energy auto parts base will aim to build an internationally competitive advanced manufacturing and modern service industry base, mainly producing power steering motors, new energy vehicle electric compressors, new energy vehicle drive motors and other categories of products, after the completion of the project can form an annual output of 60 million sets of production capacity, to achieve an annual output value of 40 billion yuan.

Among them, Welling auto parts products mainly focus on the core components of new energy vehicles, including the cutting-edge technology CO2 rotary automotive electric compressor that can solve the pain points of low temperature heating in the industry, the DOMESTIC INDEPENDENT RESEARCH AND DEVELOPMENT OF AUXILIARY/AUTONOMOUS DRIVING EPS MOTORS, and the main drive motor.

Midea invested 11 billion yuan! Build a new strategic base for new energy auto parts

Under the guidance of the dual carbon target, low-carbon development has become the core issue of the entire automotive industry, and new energy vehicles are the main force to accelerate "decarbonization". Relevant data show that domestic new energy vehicle sales are still expected to exceed 5 million in 2022, and are expected to expand to 30 million by 2030.

In January this year, Midea's industrial technology, which lays out new energy vehicles and green energy, said that it will sprint to the annual revenue target of 100 billion yuan within 5 years.

In the field of new energy vehicles, Midea's current three major product lines and five products have basically been tested on the car and mass-produced, and have brought high-quality products and technical solutions support to many world-renowned car companies and new forces. Midea's industrial technology will form a strategic layout of the world's six major R&D centers and two major production bases in the field of new energy auto parts.

In the next ten years, Midea Group will invest $1 billion in technical research and strive to become a supplier of system-level solutions for new energy vehicles. (For more news, please pay attention to Yangcheng Pie pai.ycwb.com)

Source | Yangcheng Evening News Yangcheng Pie

Editor-in-charge | Sun Qiman

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