Midea new energy auto parts strategic new base laid the foundation and started construction with a total investment of 11 billion yuan

On February 16, according to midea Group (000333.SZ) official micro news, the company’s Anqing Weiling Auto Parts Co., LTD. (hereinafter referred to as “Anqing Weiling”) strategic new energy vehicle parts base signing and laying ceremony was successfully held in Anqing city, Anhui Province.It is reported that Anqing Weiling is a new strategic base for Midea Group after it invested and established Anhui Weiling Auto Parts Co., LTD., nearly three years later.The total investment of the new base project is about 11 billion yuan, of which the fixed assets investment is about 6.5 billion yuan. The first phase of the project is planned to land 458 mu, which is located in Anqing Yuanmeng New Area.According to The introduction of Midea Group, the project needs to focus on breaking through the bottleneck of core basic components and other “four basic”, aiming at building an internationally competitive advanced manufacturing and modern service base, mainly producing power steering motors, new energy vehicle electric compressors, new energy vehicle drive motors and other products.It has established three system research and development centers and national laboratories for thermal management, main drive and auxiliary/intelligent driving.Midea Group expects that after the completion of the project, it can form an annual production capacity of 60 million sets and realize an annual output value of 40 billion yuan.In addition, Midea industrial technology will form a strategic layout of six global R&D centers and two production bases in the field of new energy vehicle components.In the next 10 years, Midea Group will invest $1 billion in technology research, and strive to become a system-level solution provider for new energy vehicles.It is worth noting that, in recent years, not only Midea Group, but also Gree Electric Appliances (000651.SZ), TCL(000100.SZ), Hisense Home Appliances (000921.SZ) and many other enterprises are accelerating the layout of the new energy vehicle industry chain.

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