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Midea begins 11 billion yuan NEV auto parts base in Anqing, Anhui · Endata

◂ Announcements

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Feb 16, 2022NEW FACILITYAnqing, Anhui, China

Midea begins 11 billion yuan NEV auto parts base in Anqing, Anhui

Midea Group began construction of a new energy vehicle auto parts base in Anqing, Anhui province, with a total investment of about 11 billion yuan ($1.74 billion). The base is designed to produce 60 million units of auto parts annually.

Value

$1.74B (11.0B CNY)

Status

Under construction

Capacity

60 million units of auto parts annually

Productspower steering motorsNEV electric compressorsdrive motors

CompaniesMidea Anqing city government partner

Sectors#Automotive Components

“The project in Anqing is a brand-new strategic base established by Midea after investing in Anhui Weiling Auto Parts Co Ltd.”global.chinadaily.com.cn

1 source
global.chinadaily.com.cnMidea Group sets sights on auto parts for NEVs - Chinadaily.com.cnFeb 18, 2022

Summarized from public sources; check the original articles before acting on it.

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