Midea Group to Fully Subscribe to Hiconics' RMB 1.65 Billion Private Placement ...

Midea Group will fully subscribe to Hiconics' RMB 1.65 billion private placement to expand capacity and market presence in solar photovoltaic inverters, residential energy storage, distributed PV power stations, and high-voltage variable frequency drives, leveraging its global brand and channels. The project includes R&D and manufacturing facilities in Beijing, Suzhou, and Anqing and targets accelerated overseas expansion in smart energy and solar-storage sectors.

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