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Midea laid the foundation for the laying of a new strategic base for new energy auto parts with a total investment of about 11 billion yuan

On February 16, the signing and groundbreaking ceremony of the new base of 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 Anqing City, Anhui Province. Zhang Xiangan, Secretary of Anqing Municipal Party Committee, and Fang Hongbo, Chairman and President of Midea Group, attended and jointly launched the groundbreaking ceremony.

Midea laid the foundation for the laying of a new strategic base for new energy auto parts with a total investment of about 11 billion yuan

Anqing Welling is a new strategic base that Midea Group has invested in and established again after investing in the establishment of Anhui Welling Auto Parts Co., Ltd., which means that Midea's industrial technology has landed in another major strategic layout in the field of auto parts.

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. The project focuses on breaking through the "four basics" bottlenecks such as core basic components, and aims 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, and creating three major system research and development centers and national laboratories for thermal management, main drive, auxiliary/intelligent driving. After the completion of the project, it can form an annual output capacity of 60 million sets and achieve an annual output value of 40 billion yuan.

Fu Yongjun, vice president of Midea Group and president of Midea Industrial Technology, mentioned in his speech at the signing ceremony: "Midea's new energy auto parts base is the largest total amount of investment in the history of Midea Group. It is hoped that the new base will become a new 'business card' in Anqing and provide strong support for building the 'third pole' of Anhui's automobile industry." ”

Zhang Junyi, deputy secretary of the Anqing Municipal Party Committee and mayor, congratulated the signing and foundation laying of the new strategic base of Anqing Welling, and looked forward to building the new strategic base of Anqing Welling into an excellent project and benchmarking base, promoting the development of midea's industrial technology new energy auto parts, and injecting new vitality into the new energy automobile industry in Anqing.

Anqing Welling mainly focuses on the core components of new energy vehicles, including co2 rotor-type automotive electric compressors, which can solve the pain points of low-temperature heating in the industry, THE EPS motors independently developed in China for auxiliary/automatic driving, and the main drive motors with cutting-edge performance at the cutting-edge technology level. The company's existing three major product lines and five products have basically been tested on the car and mass-produced, and have brought high-quality product and technical solution support to a number of 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 US dollars in technical research and is committed to becoming a new energy vehicle system-level solution provider.

Midea laid the foundation for the laying of a new strategic base for new energy auto parts with a total investment of about 11 billion yuan

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