Midea Group

What Midea Group does

Midea Group Co., Ltd. is a Chinese multinational technology manufacturer founded in 1968 in Foshan, Guangdong, and publicly listed on the Shenzhen (000333.SZ) and Hong Kong (0390.HK) stock exchanges. The company operates through six diversified business units — Smart Home, Industrial Technology, Building Technologies, Robotics and Automation, Midea Energy, and Midea Healthcare — alongside the ANNTO smart logistics division and wholly-owned subsidiaries including Kuka AG (German industrial robotics, acquired 2016 for €4.5 billion) and Clivet (Italian commercial HVAC, acquired 2016 from Carrier). Midea serves residential consumers globally through retail and e-commerce channels, commercial and institutional customers via direct enterprise sales, and industrial manufacturers through Kuka, with operations spanning 200+ countries and a workforce of 200,000+.

Core products include AI-enabled smart home appliances (the AI Eco Master and Smart Master lines with voice activation and AI humidity control), commercial VRF and heat pump systems (V9 VRF, H-Pack hybrid, EVOX ducted, Pancake ceiling air handler), the 10 million+ unit R290 natural refrigerant air conditioner line, data center full-stack liquid-cooling solutions for racks exceeding 100kW, Kuka industrial robots, the MIRO U six-arm mobile robotic platform, five humanoid robot models, and utility-scale and C&I energy storage systems through CLOU Electronics (Aqua-C3.0 Ultra at 5.154 MWh, Aqua-E261 at 261kWh). The business model is overwhelmingly hardware sales across consumer appliances, HVAC, robotics, and energy storage, supplemented by professional services (Midea Club, Solutions Hub, Blue Service, Midea Academy) and channel partnerships with retailers, e-commerce platforms, and JV manufacturing partners including Electrolux and Keppel.

FY2025 revenue reached RMB 458.5 billion (approximately $63 billion), up 12.1% year-over-year, with net profit of CNY 43.95 billion (~$6.4 billion), up 14%. The company maintains a net cash-rich balance sheet, distributes substantially all net profit through dividends and buybacks (evidenced by a record CNY 13 billion repurchase program announced March 2026 and a 5% dividend yield), and is trading at a forward P/E of approximately 13x. Vertically integrated control of AC compressors, motors, and washing machine components — together with Gree, producing 70-75% of global AC compressors and roughly 70% of room air conditioners — underpins structural cost advantages versus peers.

Name

Midea Group

Legal name

Midea Group Co., Ltd.

Website

https://midea-group.com

Company type

Public

Founded year

1968

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Midea Group is a Chinese multinational manufacturer of smart home appliances, HVAC systems, and industrial robotics serving residential consumers, commercial enterprises, and industrial customers across 200+ countries, operating through six business units including Smart Home, Building Technologies, Kuka robotics, and Midea Energy.

Ownership category

akta.pro rank

Product category

Home Appliances

NAICS

Household Appliance Manufacturing (3352), Major Household Appliance Manufacturing (33522), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Small Electrical Appliance Manufacturing (335210), Electronics and Appliance Retailers (44921)

SIC

Household Appliances (3630), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Electric Housewares & Fans (3634), Refrigeration & Service Industry Machinery (3580), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564)

akta.pro primary industry

Smart Appliances & Connected Kitchen/Laundry Retail (CRACAGAG)

akta.pro secondary industries

Smart Appliances & Kitchen/Laundry (Major/Small Appliances) (HSAPAQAE), Refrigeration & Freezer Retail (Refrigerators, Freezers, Wine/Beverage Coolers) (CRACACAB), HVAC & Air Treatment Appliance Retail (Air Conditioners, Heat Pumps, Air Purifiers/Dehumidifiers) (CRACACAE), Built-In & Integrated Appliance Retail (Built-In, Panel-Ready, Compact) (CRACACAH), Smart Home Software, Apps & Subscriptions Retail (CRACAGAM), Small Appliance, Countertop & Coffee/Tea Station Organization (HSAFACAH)

Keywords

• Home appliances
• Commercial HVAC systems
• Industrial robotics
• Smart home devices
• Energy storage solutions

Headquarters

HQ city

Beijiao

HQ country

China

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Smart Home Products: Residential appliances including air conditioners, refrigerators, washing machines, kitchen appliances, and small domestic appliances sold through retail and e-commerce channels globally.
2. Commercial HVAC Systems: VRF systems, chillers, heat pumps, and building technologies for commercial, industrial, and institutional buildings including data centers, healthcare facilities, and aviation hubs.
3. Robotics & Factory Automation: Industrial robots, automation systems, and software through Kuka subsidiary serving automotive, aerospace, manufacturing sectors globally.
4. Professional Services: AI-enabled factory deployment solutions, consulting, and technical support services including Midea HVAC Professional Service System, Midea Club, Midea Solutions Hub, Blue Service, and Midea Academy.
5. Energy Storage Solutions: Utility-scale and C&I energy storage products including Aqua-C3.0 Ultra (5.154 MWh) and Aqua-E261 (261kWh) through CLOU Electronics subsidiary, plus White Paper on Cell-Level DC-DC Energy Transfer Technology.
6. Manufacturing Partnership Revenue: Joint venture manufacturing with Electrolux in North America for Food Preservation and Fabric Care products, with manufacturing facilities in Juarez, Mexico and Anderson, South Carolina.

Pricing tiers

Go-to-market motion5 records

Distribution channels7 records

Marketing channels10 records

Core offering

Midea Group manufactures and sells a diversified portfolio spanning residential smart home appliances (air conditioners, washing machines, refrigerators, kitchen appliances), commercial HVAC and building technologies (VRF systems, heat pumps, chillers, data center cooling), industrial robotics and automation through its Kuka subsidiary, energy storage systems, and smart logistics solutions. The company operates globally with 200,000+ employees across 200+ countries, serving both consumer households and enterprise customers in automotive, aerospace, healthcare, data center, and infrastructure sectors.

Product overview

Midea Group operates as a diversified technology company organized into multiple business units: Smart Home (providing full home automation including air conditioners, IoT-connected washing machines, kitchen appliances, and compact home products), Industrial Technology (supplying compressors, motors, and core industrial components for air conditioners and washing machines), Building Technologies/HVAC (delivering commercial VRF systems like the V9 VRF, heat pumps including H-Pack hybrid and EVOX lines, data center cooling solutions, and decentralized ventilation systems), Robotics and Automation (industrial robots including Kuka subsidiary and MIRO U platform, plus five humanoid robot models for factory applications), Midea Energy (full-chain energy ecosystem including utility-scale and C&I energy storage systems like Aqua-C3.0 Ultra and Aqua-E261), Midea Healthcare, and ANNTO smart logistics. Key products span residential and commercial air conditioning (with over 10 million R290 natural refrigerant units sold), heat pumps, refrigeration/freezers, kitchen appliances including espresso machines and gas ranges, dishwashers, and robotics. The company also provides professional services through Midea Club, Midea Solutions Hub, Blue Service, and Midea Academy.

Differentiator

Problem solved

Functional benefit

Brands

• Smart Home: Full home automation service providing best experience for smart home customers
• Midea Building Technologies (MBT)
• Midea Energy
• Midea Healthcare
• ANNTO
• Clivet
• KUKA
• CLOU Electronics
• Midea Club
• Midea Solutions Hub
• Blue Service
• Midea Academy

Products and services

• V9 VRF System Commercial HVAC Variable Refrigerant Flow (VRF) system engineered for energy efficiency, system stability, and installation efficiency in commercial buildings.
• H-Pack Hybrid Heat Pump Compact hybrid heat pump for the European market designed for retrofit applications integrating with existing fossil fuel boilers while delivering A+++ energy class performance.
• Data Center Full-Stack Cooling Solution Complete thermal management solution for AI computing infrastructure in tropical environments, designed for high-density server racks exceeding 100kW per cabinet.
• 10-in-1 Fully Automatic Espresso Machine Mid-range home espresso machine priced at $499 with one-touch menu, built-in grinder, 15-bar Italian pump, and automatic cleaning system for casual home coffee drinkers.
• Humanoid Robot Models Five humanoid robot models deployed in factories for quality inspection and equipment patrols, representing Midea's entry into embodied AI and advanced robotics.
• Agentic Factory Overseas Expansion Solution Modular solution with 12 replicable modules covering intercultural training, AI-powered quality control, and supply chain resilience for deploying intelligent manufacturing overseas.
• AI Eco Master and Smart Master Line AI-powered smart home appliances including voice-activated fans, energy-efficient air conditioners with AI humidity control, IoT-integrated washing machines, and kitchen appliances.
• EVOX Ducted and Multi-Zone Heat Pumps Residential ducted and multi-zone heat pump lineup for North American market with SEER2 ratings up to 17, designed as drop-in replacement for aging HVAC systems.
• 90cm Freestanding Gas Range 90cm freestanding gas range with proprietary XpressGrill infrared technology and XpressFlame dual vortex burner, reducing cooking times by 50% and improving gas efficiency by 10%.
• Aqua-C3.0 Ultra Energy Storage System Utility-scale battery energy storage system delivering 5.154 MWh in a compact container for grid-scale energy storage deployments.
• Aqua-E261 Energy Storage System Commercial and industrial battery energy storage system with 261 kWh capacity as part of CLOU Electronics' full-stack energy storage portfolio.
• Compact Kitchen Appliances (ANZ Lineup) Compact kitchen appliances for the Australian market including multi pressure cookers, induction rice cookers, smart inverter microwaves, and benchtop mini dishwashers.
• MIRO U Factory Robot Mobile robotic platform with six robotic arms and autonomous mobility designed for industrial efficiency, manufacturing flexibility, and multitasking in factory workflows.
• R290 Natural Refrigerant Air Conditioners Air conditioning units using R290 (propane) natural refrigerant, with over 10 million units sold globally and offering substantial environmental benefits.
• PortaSplit Air Conditioner Portable split air conditioner that sold out in some European channels during the 2026 European heatwave with second-hand prices exceeding new unit costs.
• Midea U Window Air Conditioner Window air conditioner with U-shaped design allowing windows to remain operable, smart home compatibility, and BTU ratings matched to room sizes from 150 to 450 square feet.
• Pancake Ceiling Mounted Air Handler Inverter-driven ceiling-mounted air handling unit for multifamily HVAC applications with cold-climate heat pump performance down to -22°F, available in 18K to 36K BTU capacities.
• Refrigerators with Enlarged Water Dispensers Refrigerators with enlarged water dispensers designed to accommodate larger tumblers and bottles, reflecting trends in kitchen appliance design.
• Chest Freezers Standalone chest freezer models recommended as a top brand by Consumer Reports.
• Residential Ducted and Ductless Cooling Systems Ducted and ductless residential cooling systems featuring low-GWP refrigerants (R-32 and R-454B) with ultra-high SEER ratings up to 30.
• Midea HVAC Professional Service System Professional service ecosystem including Midea Club, Midea Solutions Hub, Blue Service, and Midea Academy for HVAC service delivery, training, and support.
• AI-Enabled Modular Cooling Solutions (with Keppel) AI-enabled, energy-efficient modular cooling solutions jointly developed with Keppel Ltd. for data centers, healthcare campuses, and aviation hubs across Asia.
• Decentralized Ventilation Systems Room-by-room ventilation systems for retrofit and renovation applications addressing indoor air quality and energy efficiency.
• PV-Compatible Indoor Heat Pump Residential heat pump compatible with photovoltaic solar systems, designed for space-constrained applications.
• Water Purifier Products Water purifier products as part of Midea's home appliance portfolio competing in Southeast Asian markets.
• Dishwashers for Oversized Bottles Dishwashers designed to better clean oversized bottles and tumblers, addressing the growing trend of large-capacity drink containers.
• KUKA Industrial Robots and Automation Systems Industrial robots, automation systems, and software supplied through the Kuka AG subsidiary serving automotive, aerospace, and manufacturing sectors.

Quantifiable outcome

• 43% reduction in order lead times through Agentic Factory solution at Thailand facility
• +5 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• CLOU ElectronicscoreTechnology or Integration · 25 June 2026CLOU Electronics is the core implementer of Midea Energy's overseas strategy, unveiling full-stack energy storage solutions at The Smarter E Europe 2026 including utility-scale Aqua-C3.0 Ultra (5.154 MWh) and C&I-focused Aqua-E261 (261kWh). Company released White Paper on Cell-Level DC-DC Energy Transfer Technology achieving continuous online management of battery cell consistency and can increase full-lifecycle recurring revenue by approximately 4%.
• National University of SingaporeminorStrategic or Co-development Partner · 2 June 2026Academic collaboration on tropical data center research announced at 'Feel the Future' event in Kuala Lumpur alongside unveiling of full-stack data center cooling solutions.
• Mann & NoblecoreChannel Partner/ Reseller/ Distributor · 18 May 2026Key retail partnership example in Australia and New Zealand as part of Midea's accelerated brand-building efforts anchored by AFC Women's Asian Cup Australia 2026 partnership. Company positioned as partner of choice for retailers emphasizing simplicity, reliability, and ease of doing business.
• Sinovoltaics GroupminorStrategic or Co-development Partner · 12 May 2026Led technical briefings, R&D center and test lab visits, and strategic discussions during Solarplaza's inaugural Battery Tour China 2025. Midea Group/CLOU Electronics was one of the factory visits for international energy professionals.
• Changyao InnovationminorStrategic or Co-development Partner · 10 May 2026Intelligent garden robot company with Series A+ financing led by Infore Environment, a listed company under Midea Group. Changyao Innovation has raised over 100 million yuan cumulatively within half a year since Series A in December 2025. Tron Ultra series lawn mowing robots feature industry-first four-wheel independent drive and steering system with global sales launching mid-year.
• Electrolux GroupcoreStrategic or Co-development Partner · 23 April 2026Long-term strategic partnership covering Food Preservation (refrigeration) manufacturing and sales, and Fabric Care (laundry) manufacturing in North America. Structured as three joint ventures expected to commence Q3 2026: 50/50 sales JV for Food Preservation products, manufacturing JV in Juarez Mexico (Midea 65%, Electrolux 35%), and manufacturing JV in Anderson SC (Electrolux 55%, Midea 45%). Electrolux expects SEK 2.4 billion in negative non-recurring items in Q2 2026 and approximately SEK 0.6 billion in cost efficiency improvements by year three. CFIUS has approved the transactions.
• Keppel Ltd. (Infrastructure Division)coreStrategic or Co-development Partner · 15 April 2026Non-exclusive strategic collaboration to jointly develop AI-enabled, energy-efficient modular cooling solutions across Asia. Combines Midea Building Technologies' HVAC manufacturing and intelligent building systems with Keppel's Cooling-as-a-Service expertise and Operations Nerve Centre digital platform. Companies will establish AI-first Centre of Excellence targeting sectors including data centers, healthcare campuses, and aviation hubs. Building on existing collaboration including HDB Tengah Centralized Cooling Systems project in Singapore.
• Arbonia Climate DivisioncoreOthers · 18 April 2024Swiss indoor climate specialist being acquired by Midea Group to support joint growth and innovation in HVAC systems for various climates. Transaction subject to regulatory approval.

Scale indicators24 records

Recent moves6 records

Expansion highlights8 records

Direct peers

• Gree Electric Appliances: Chinese HVAC and home appliance manufacturer; jointly with Midea controls 70-75% of global AC compressors and is Midea's closest direct competitor in residential AC and HVAC components.
• Whirlpool Corporation: US-headquartered major home appliance manufacturer; competes directly with Midea in refrigeration, laundry, and kitchen appliances, particularly through the new Electrolux-Midea JV footprint in North America.
• Electrolux Group: Swedish appliance manufacturer now in JV partnership with Midea for North American Food Preservation and Fabric Care; competes in premium global appliance categories and is a direct comparable in fabric care and refrigeration.
• Hisense Home Appliances: Chinese appliance and HVAC manufacturer with overlapping product categories in air conditioning, refrigeration, and washing machines; meaningful competitor particularly in export markets.
• Haier Smart Home: Chinese home appliance multinational with comparable product portfolio across refrigeration, laundry, kitchen, and HVAC; competes directly with Midea in both domestic and global consumer appliance markets.

Broad incumbents

• LG Electronics: Korean consumer electronics and appliance conglomerate with global home appliance business overlapping Midea in refrigerators, laundry, and air conditioning, plus smart home initiatives.
• Samsung Electronics: Korean conglomerate with appliance and HVAC divisions; competes in premium residential AC and connected appliances globally, with broader portfolio including semiconductors and consumer electronics.
• Panasonic Corporation: Japanese conglomerate with significant appliance and HVAC businesses; competes with Midea in residential air conditioning, refrigeration, and smart home products across Asian and global markets.
• Daikin Industries: Global HVAC leader with strong refrigerant technology and European heat-pump presence; competes with Midea in commercial VRF and residential heat pumps, particularly in Europe and Asia.
• BSH Hausgeräte (Bosch): European appliance leader (Bosch, Siemens, Neff brands) and strong heat-pump manufacturer; competes with Midea in European premium residential appliance and heat-pump segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Midea
• YouTubeyoutube.com/c/MideaGlobal
• Facebookfacebook.com/MideaGlobal
• LinkedInlinkedin.com/company/midea
• Instagraminstagram.com/mideaglobal

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries8 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments18 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Midea Group