Midea Group Snapshot
Guangdong Midea Electric Appliances, known as Midea, likes it when people decide to stay home. The company makes dishwashers, fans, microwaves, refrigerators, residential and commercial air conditioners, washing machines, water heaters, and a long list of other household appliances. Midea also manufactures and sells compressors, motors, and transformers needed to make and maintain those appliances. It has 15 production plants in China, one in Vietnam, and more than 20 subsidiaries across Russia, North America, Europe, and Asia. China's Midea Group owns about 33% of Guangdong Midea Electric Appliances.