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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 ...
U.S. patent 2,696,086 was issued on December 7, 1954 – Method and means for air conditioning. U.S. patent 2,780,923 was issued on February 12, 1957 – Method and means for preserving perishable foodstuffs in transit. U.S. patent 2,850,001 was issued on September 2, 1958 – Control device for internal combustion engine.
The efficiency of air conditioners is often rated by the seasonal energy efficiency ratio (SEER), which is defined by the Air Conditioning, Heating and Refrigeration Institute in its 2008 standard AHRI 210/240, Performance Rating of Unitary Air-Conditioning and Air-Source Heat Pump Equipment. [61]
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 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]
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