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In 1991, the company changed its name to "Qingdao Haier Group" and acquired Qingdao Air Conditioner Plant and Qingdao Freezer. [9] The company's name was simplified to its current name "Haier" in 1992. [9] In 1995, the company took over Qingdao Red Star Electronics Co., a washing machine manufacturer, along with five of its subsidiaries. [13]
On June 6, 2016, Qingdao Haier (now Haier Smart Home Company) acquired GE Appliances for $5.6 billion. Under the terms of the sale, Haier has the right to use the GE brand name until 2056. GE Appliances launched a refreshed tagline ("good things, for life") in 2017, [ 14 ] [ 15 ] [ 16 ] a nod to its history with General Electric, which used the ...
The company's main product category is air conditioners, both residential and commercial. It manufactures other major home appliances such as refrigerators, washing machines, and dishwashers. Midea also offers a wide range of smaller appliances, such as microwave ovens, kettles, water dispensers, and vacuum cleaners. [26]
In 1954, it began making air conditioners. [6] Amana was acquired in 1965 by Raytheon, [7] which had invented the microwave oven in 1947, and introduced the commercial Radarange Model 1611 in 1954. [5] In 1967, Amana introduced a consumer model of the Radarange, the first popular microwave designed for home use. [4]
In 2016, General Electric sold its GE Appliances business to China-based Haier. The transaction included the 48.4% minority stake that GE held in Mabe. [3]
Fisher & Paykel Appliances Holdings Limited (/ ˈ p aɪ k əl /) is a major appliance manufacturer founded in 1934. [3] It is a subsidiary of Chinese multinational home appliances company Haier [3] and is based in East Tāmaki, New Zealand.
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