Midea Group
Midea Group is a global company with $51.39 billion in revenue, employing over 166,000 people and ranked 278th on the Fortune Global 500 list.
Overview of Midea Group
Midea Group is a global leader in the manufacturing of appliances and operates in several industries including Smart Home, Electro-Mechanical, Building Technologies, Robotics & Automation, and Digital Innovation. With a total revenue of $51.39 billion and over 166,000 employees, Midea ranks 278th on the Fortune Global 500 list. The company has subsidiaries in over 200 countries, demonstrating its vast international presence. Additionally, Midea has invested $4.05 billion in research and development over the last five years and holds more than 80,000 granted patents.
Technological Innovation and R&D
Midea Group places a significant emphasis on technological advancement and innovation. The company operates 31 innovation centers worldwide, showcasing its commitment to research and development. Over the last five years, Midea has invested $4.05 billion in R&D, leading to the acquisition of more than 80,000 granted patents. This dedication to innovation ensures Midea remains at the forefront of the industries it operates in, driving new developments in smart home technology, building technologies, and more.
Subsidiary Brands and Product Lines
Midea manufactures a variety of appliances under several well-known brands, including Toshiba, Comfee, and Eureka. The product range includes air conditioners, refrigerators, washing machines, and other household and commercial appliances. The diverse brand portfolio allows Midea to cater to different market segments and consumer needs globally, reinforcing its reputation as a trusted manufacturer in the home appliance industry.
Manufacturing and Automation
Midea Group has made strides in implementing advanced manufacturing technologies to enhance productivity and efficiency. In China, the company's manufacturing automation rate stands at 49.3%, and it operates over 1,600 robots on its production lines. This high level of automation underscores Midea's commitment to integrating cutting-edge technology in its manufacturing processes, contributing to its reputation for quality and innovation in the industry.