AutoBeta(AutoBeta.net)05/17 Report--

According to the official Weibo release of Midea, Midea's new products of new energy vehicles will be officially released on May 18. As soon as the official news comes out, does it mean that Midea in the field of home appliances is going to build a car after Baidu, Xiaomi, Skyworth and Skyworth?

In fact, it is not. Officials said that Midea will announce the source power warehouse, lidar and other auto parts of his Weiling auto parts research and development at tomorrow's press conference, which are not made by the whole vehicle. Prior to this, Midea also said in an interview with the media that Midea only makes car parts and will not build cars directly.

It is understood that at this year's Shanghai Auto Show, Midea will display Weiling auto parts, including drive motors, electric compressors, electronic pumps, electronic oil pumps and electronic power steering motors. it covers three major systems: auxiliary / self-driving system, thermal management system and motor drive system.

In fact, Midea entered the commercial vehicle industry as early as 2003, acquired Yunnan bus Factory, Yunnan Aerospace Shenzhou Automobile and Hunan Sanxiang bus Group, and built two major production bases in Kunming and Changsha. It has the manufacturing capacity of ten thousand passenger cars and special chassis. However, due to poor management, Midea's car-building business was announced to stop in 2009.

Data show that Guangdong Weiling Auto parts Co., Ltd. was established in October 2018, is a subsidiary of Midea Co., Ltd., the scope of business includes automobile, motorcycle (motor vehicle) parts, systems and related product research and development, design, manufacturing, sales, technical service and after-sales service.

In March last year, Midea acquired Beijing Hekang Xinneng Technology Co., Ltd through its subsidiary Guangdong Meimei HVAC equipment Co., Ltd. The data show that the business scope of Beijing Hekang Xineng Technology includes technology development, technology transfer, technology service and technology consultation for the operation of solar energy, photovoltaic, wind power, high voltage frequency converter, new energy vehicles and their charging pile industry chain.

Over the past year, more and more technology companies have begun to build cars, which has become a true portrayal of the current automobile market. Various industries began to build cars, undoubtedly taking a fancy to the huge development prospects of China and even the global automobile market, but for many "car-making brands", how to stabilize the foundation and how to be recognized by consumers is a problem that enterprises need to consider. However, in contrast, Midea also appears to be more cautious, his plan to start with car parts, as to whether the future will enter the bureau to build a car, can only wait for time to prove.

According to the financial report, Midea's operating income in the first quarter of 2021 was 82.504 billion yuan, up 42.22 percent from the same period last year; the net profit belonging to shareholders of listed companies was 6.469 billion yuan, up 34.45 percent from the same period last year; and the net profit belonging to shareholders of listed companies after deducting non-recurring gains and losses was 6.649 billion yuan, up 38.04 percent from the same period last year.

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