Midea Announces The Acquisition of TTIUM Motor, Enter the Green Two-wheel Vehicle Market Officially

Heather

WUHAN, China, April 27, 2022 /PRNewswire/ — Midea declared the acquisition of Wuhan TTIUM Motor Engineering CO., LTD (TTIUM). With this strategic move, it marks that Midea has officially entered the “two-wheel motor vehicle” market and even further refreshed its products portfolio.

The signing of the contract between Midea Industrial Technology and TTIUM Motor Technology CO., LTD (TTIUM) (PRNewsfoto/Midea Group)

The signing of the deal involving Midea Industrial Technology and TTIUM Motor Technologies CO., LTD (TTIUM) (PRNewsfoto/Midea Team)

Searching ahead, Midea and TTIUM Motor will hope to achieve a “acquire-win” for shared items and technologies. In addition, TTIUM will profit from the present R&D resource of Midea Industrial Technologies, the reducing-edge motor options of Welling, the car-common electric powered and digital part technology, the reliable examination mattress and lab, the broad use of lean manufacturing procedure and the founded source chain, to boost its competitiveness. On the other hand, TTIUM has in depth business expertise and shopper resource that will assist to encourage and aid Midea on item and technology transformation.

As the big market place measurement implies, Midea Industrial Technologies now owns two E-Bicycle makes, Welling and Motinova. Midea will leverage the respective motor portfolio, featuring quietness, effectiveness, intelligence, security and compactness, and become a essential player of the E-bicycle sector around the globe.

TTIUM providing systematic motor technology solutions for the global e-mobility industry (PRNewsfoto/Midea Group)

TTIUM offering systematic motor technology options for the international e-mobility industry (PRNewsfoto/Midea Group)

With eco-friendly and reduced-carbon way of life will take the trend, the industry of electrical-assisted motor vehicles, or E-bicycle, are developing on rapidly track. Enabling biking to be effortless and quick, E-Bicycle has little by little develop into a new selection for city commuters. The assistance of electric drives system has noticeably enhanced the feasibility of using on mountain bikes, commuter bikes, and cargo bikes. In accordance to data, the world-wide scale of E-Bikes has achieved about 7.27 million units in 2021. It is believed that by 2030, the world wide E-Bike current market will get to the dimension of 19 million units.

About Midea Industrial Technologies

As one of the five small business groups of Midea Group, Midea Industrial Technologies usually takes science and technological innovation as the main driving power. Up to now, Midea Industrial Technologies has designed 27 R&D facilities around the globe, with an accumulation of additional than 5,500 approved patents. With an once-a-year R&D investment of 1.1 billion RMB, the company carries on to spend in core and slicing-edge systems for significant-precision products and solutions this kind of as compressors, motors, chips, reducers, electronic enlargement valves, auto sections, converters, servo systems and warmth dissipation factors.

Website: https://tech.midea.com/

Supply Midea Team

Next Post

Dacia Rolls Out Its 10 Millionth Car

Picture: Dacia Dacia, a company mainly well-known for currently being a punchline on Major Equipment, claimed Thursday that it had produced its 10 millionth Dacia, likely back to 1968, and it was a Duster. Dacia is as shocked as any person. Related Posts:2023 Polestar 2 reworks its color and wheel […]
Dacia Rolls Out Its 10 Millionth Car

Subscribe US Now