Midea Group enters new energy storage

How did Midea Group expand into the energy storage solution business?

Later in 2020 and 2023, Midea Group expanded into the energy storage solution business through the successive acquisitions of new energy companies Hiconics and Clou Electronics. In addition to external acquisitions, in-house incubation is also a major means for Midea Group to develop its To B business.

What is a Midea energy storage unit?

The Midea Energy Storage Unit (MESU) product can store excess solar energy to power your house 24hours without worrying about power outages. The Midea Energy Manager (MEM) is a battery-ready inverter with built-in EMS function that combines HVAC and smart home to maximize the use of solar energy.

Does Midea Group have a to B business?

By combining in-house incubation and external acquisitions, Midea Group has gradually improved the layout of its To B business. In essence, the To B business is an extension of the To C main business, rather than an entirely new replacement.

What can Midea Group do for You?

For example, the energy solutions and industrial technology business relies on Midea Group’s decades of experience in home appliances and commercial air conditioners.

Is Midea Group a leading global technology company?

In the A1 prospectus, Midea Group positioned itself as a “leading global technology company”.

How has Midea Group changed the home appliance industry?

By following the trend, Midea Group, through its emphasis on research and development and forward-looking judgment of the development trend of the home appliance industry, has expanded its business from To C to To B, and accelerated its development by flexibly switching from defense to offense.