2005

Formulation of Midea's "115" Strategic Development Plan, setting out the blue print for Midea's future development.

 

2004

Improvement of the refrigerating industry, with the signing of cooperation agreements with Toshiba and Carrier and procurement of Royalstar and Hualing

 

2003

IProcurement of Passenger Vehicle Enterprises in Yunnan and Hunan, marking the entrance into the automobile industry and diversified development

 

2002

Structural regulation on an overall and strategic basis Establishment of the refrigerator companydevelopment

 

2001

Completion of the property right reform; establishment of the magnetron company, forming the industrial chain of microwave ovens Production commencement of new projects including MDV, microwave ovens, water ditributors, dishwashers, and gas cookers

 

2000

Corporatisation of the divisions; financing and holding of MBO shares by the management, and circulating stocks by key intermedium and senior staffs

 

1999

Establishment of the information technique company, the logistics company, and the electrician material company Midea voted as a "Famous Brand in China"

 

1998

Acquisition of Toshiba-Macro and entrance into the domain of air-conditioning compressors Establishment of Wuhu Chilling Company, the industrial design company, and procurement of the compressor company

 

1997

Reform of divisions and subsidiaries

 

1993

Establishment of the motor company and the electric cooker company Establishment of Midea Group and internal shareholding system transformation

 

1985

Commencement of air-conditioner manufacturing

 

1981

Formal registration and application of the brand "Midea"

 

1980

Production of electric fans and entrance into the industry of household appliances

 

1968

Business establishment by Mr. He Xiangjian in Beijiao with 5000 yuan and 23 staffs