# Haier plans new $350M AC factory in Qingdao, China

Unconfirmed reports indicate Haier plans to invest CNY2.5 billion ($350 million) to build a smart manufacturing air conditioning factory in Qingdao, China, with capacity of 5 million units per year. First phase expected in September 2026.

- Type: New facility
- Announced: 2024-08-28
- Where: Qingdao, Shandong Province, China
- Value: $350.0M
- Starts operating: Sep 2026
- Status: rumored
- Capacity: 5 million units per year
- Products: wall-mounted air conditioners, duct units, multi-splits, heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Haier](https://endata.com/companies/5126.md)

## Sources

- [coolingpost.com](https://www.coolingpost.com/world-news/haier-plans-new-350m-ac-plant/), 2024-08-28: "Unconfirmed Chinese press reports claim that Haier plans to invest CNY2.5bn (US$350m) to build a new smart manufacturing air conditioning factory in Qingdao."

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