Trasporti
Midea Announces The Acquisition of TTIUM Motor, Enter the Green Two-wheel Vehicle Market Officially
As the large market size suggests, Midea Industrial Technology now owns two E-Bike brands, Welling and Motinova. Midea will leverage the respective motor portfolio, featuring quietness, efficiency, intelligence, stability and compactness, and become a key player of the E-bike market worldwide.
With green and low-carbon lifestyle takes the trend, the market of electric-assisted vehicles, or E-bike, are developing on fast track. Enabling cycling to be effortless and easy, E-Bike has gradually become a new choice for urban commuters. The support of electric drives system has significantly enhanced the feasibility of riding on mountain bikes, commuter bikes, and cargo bikes. According to statistics, the global scale of E-Bikes has reached about 7.27 million units in 2021. It is estimated that by 2030, the global E-Bike market will reach the size of 19 million units.
As one of the five business groups of Midea Group, Midea Industrial Technology takes science and technology as the core driving force. Up to now, Midea Industrial Technology has built 27 R&D centers worldwide, with an accumulation of more than 5,500 authorized patents. With an annual R&D investment of 1.1 billion RMB , the company continues to invest in core and cutting-edge technologies for high-precision products such as compressors, motors, chips, reducers, electronic expansion valves, auto parts, converters, servo systems and heat dissipation components.
Photo - https://mma.prnewswire.com/media/1804820/The_signing_contract_Midea_Industrial_Technology_TTIUM_Motor_Technology_CO.jpg
Photo - https://mma.prnewswire.com/media/1804821/TTIUM_providing_systematic_motor_technology_solutions_global_e_mobility_industry.jpg