Our History

History


  2008   Midea purchased 24.01% stake of Little Swan, aiming at establishing a broader platform for its power-industries of refrigerators and washing machines.
  2007   The Vietnam Industrial Park of Midea was founded and put into production. The Park has been the manufacturing and export base of Midea in ASEAN.
  2006   Midea conducted the reform of non-tradable shares and entered into the capital-circulation era.
  2005   Midea formulated the development plan of "The Eleventh Five Year," and committed itself to become the top 2 in Asia and the top 5 at world large among household electric appliance manufacturers.
  2004   Midea signed the air-conditioning cooperation agreement with Toshiba Carrier and realized their all-around strategic cooperation.
Midea purchased Qingjiang Electric Motor, Royalstar, Hualing and Chongqing GM to further improve its household electric appliance products and production chain.
  2001   Midea completed its Management Buy-Outs (MBO) and further improved its management structure.
  1999   Midea purchased Macro (Toshiba) and stepped into the field of A/C compressors.
  1998   Midea purchased Wuhu Liguang Air-conditioning Company and established its first industrial park in an outside location.
  1997   Midea reformed the structure of its business division further stimulating its operational dynamism.
  1993   "Yue Midea" was listed in Shenzhen Stock Exchange.
  1985   Midea started to produce air-conditioners, which marked its entry into the refrigeration field.
  1980   Midea started to produce electrical fans which marked its entry into the household electrical appliance manufacturing industry.
  1968   Mr. He Xiangjian, leading 23 people with capital of RMB 5,000 opened the doors and began building what today is the history of Midea.