According to Sogou Finance, Midea's official announcement on May 17 stated that the three major product lines of Midea Welling Auto Parts have now entered production, and Midea's new energy vehicle product will be released on May 18.
The company officially stated that during today’s launch event, Midea will unveil automotive components such as the source power energy storage unit and LiDAR developed by its Welling Auto Parts division. Previously, Midea Group also mentioned that it focuses solely on auto parts and does not directly manufacture vehicles.
It is understood that during this year’s Shanghai Auto Show, Midea participated without presenting a complete vehicle but showcased its Welling Auto Parts line, highlighting a series of high-efficiency auto components, along with hosting five new product launch events. $Midea Group Co., Ltd (000333.SZ)$