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

WUHAN, China, April 26, 2022 /PRNewswire/ — Midea declared the acquisition of Wuhan TTIUM Motor Know-how CO., LTD (TTIUM). With this strategic transfer, it marks that Midea has formally entered the “two-wheel motor vehicle” sector and more refreshed its merchandise portfolio.

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

Searching forward, Midea and TTIUM Motor will hope to realize a “earn-gain” for shared solutions and systems. In addition, TTIUM will gain from the current R&D resource of Midea Industrial Know-how, the cutting-edge motor solutions of Welling, the auto-conventional electric powered and electronic ingredient technological know-how, the responsible exam bed and lab, the vast use of lean producing technique and the set up provide chain, to improve its competitiveness. On the other hand, TTIUM has extensive market expertise and client source that will aid to encourage and help Midea on item and technological innovation transformation.

As the significant market place measurement indicates, Midea Industrial Technological know-how now owns two E-Bicycle makes, Welling and Motinova. Midea will leverage the respective motor portfolio, showcasing quietness, performance, intelligence, steadiness and compactness, and come to be a important participant of the E-bike sector globally.

TTIUM providing systematic motor technology solutions for the global e-mobility industry

With inexperienced and reduced-carbon life style normally takes the trend, the sector of electrical-assisted cars, or E-bicycle, are establishing on rapid monitor. Enabling biking to be effortless and straightforward, E-Bicycle has step by step turn into a new choice for city commuters. The assistance of electrical drives method has appreciably increased the feasibility of riding on mountain bikes, commuter bikes, and cargo bikes. According to statistics, the world-wide scale of E-Bikes has reached about 7.27 million units in 2021. It is believed that by 2030, the global E-Bike market place will attain the measurement of 19 million models.

About Midea Industrial Technology

As just one of the 5 business groups of Midea Group, Midea Industrial Technological innovation requires science and engineering as the core driving power. Up to now, Midea Industrial Technological innovation has built 27 R&D centers throughout the world, with an accumulation of a lot more than 5,500 approved patents. With an once-a-year R&D expenditure of 1.1 billion RMB, the firm proceeds to commit in main and chopping-edge technologies for superior-precision merchandise these as compressors, motors, chips, reducers, electronic enlargement valves, auto components, converters, servo techniques and heat dissipation elements.

Internet site: https://tech.midea.com/

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Picture – https://mma.prnewswire.com/media/1804821/TTIUM_furnishing_systematic_motor_engineering_solutions_world wide_e_mobility_industry.jpg