# Midea Group invests in VRF central air conditioning production line in Wuhan

Midea Group signed an investment agreement in November 2020 to invest 800 million yuan (USD 121 million) in a new production line for residential central air conditioning systems in Wuhan, expected to start operations in 2021 with annual output of 10-12 billion yuan.

- Type: Expansion
- Announced: 2020-11-01
- Where: Wuhan, China
- Value: $121.0M (800.0M CNY)
- Starts operating: 2021
- Status: announced
- Capacity: 10-12 billion yuan annual output
- Products: residential central air conditioning systems, VRF systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Midea](https://endata.com/companies/1678.md)

## Sources

- [c-o-k.ru](https://www.c-o-k.ru/market_news/midea-rasshiryaet-proizvodstvo), 2021-01-18: "Midea Group подписала инвестиционное соглашение с управляющим комитетом зоны экономического и технологического развития Ухани об инвестировании 800 миллионов юаней."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.