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Midea Hiconics Impresses at Intersolar 2024 with Launch of Its Full Range of Innovative Residential Green Energy Products

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Midea Hiconics Impresses at Intersolar 2024 with Launch of Its Full Range of Innovative Residential Green Energy Products
Business

Business

Midea Hiconics Impresses at Intersolar 2024 with Launch of Its Full Range of Innovative Residential Green Energy Products

2024-06-20 19:26 Last Updated At:19:45

MUNICH, June 20, 2024 /PRNewswire/ -- Hiconics Eco-energy Technology ("Midea Hiconics"; SHE300048), a green energy brand under the Midea umbrella, impressed visitors recently at Intersolar 2024 in Munich with the launch of its full range of residential green energy products, including all-in-one residential energy storage systems (RESS), household photovoltaic inverters, EV chargers, and balcony photovoltaic solutions.

Exhibited at Booth C2 670, the comprehensive residential green energy solutions from Midea Hiconics impressed many visitors with their excellent photovoltaic energy storage, modern design, and advanced electrification technology, including an all-in-one household storage device, featuring a battery pack with a built-in DC-DC optimizer using a high-voltage parallel system. At Intersolar 2024, Midea Hiconics showcased 16 innovative and well-built inverters that include a shadow recognition function for efficient power generation and an arc fault circuit interrupter (AFCI) for stable smart networking. TÜV NORD, TÜV SUD, and TÜV Rhineland issued the latest certifications for Midea Hiconics' batteries and inverters, with the Company also receiving TÜV NORD's Witness Laboratory certification.

"We were delighted to showcase our products at Intersolar 2024, where we saw that it is vital for leading companies to have the ability to provide solutions with a complete product matrix," commented Hou Junfeng, R&D Director of Midea Hiconics. "It is more conducive to exploring advantages and selling points."

In recent years, with the continuous strengthening of investment and support policies in green energy in European countries, demand for household energy storage products has grown rapidly. As Midea's main driving force in developing this segment, Midea Hiconics has successfully developed key international markets such as Europe, Australia, America, and Africa under a global marketing channel framework.

Midea Hiconics, upholding product quality as its fortress, continually builds enduring, mutually beneficial partnerships with the highest level of sincerity. At the event, strategic cooperation agreements were inked with regional clients from France, Turkey, and beyond.

Midea Hiconics' transformation is fueled by its continuous pursuit of technological innovation. In 2023, the Company invested 147.41 million yuan in R&D, a 72.96% increase from the previous year. Midea's 33 global R&D centers, 4 major research institutes, and over 50 core laboratories provide robust R&D collaboration. Along with higher R&D investment, Midea Hiconics has integrated Midea's lean manufacturing system and invested in advanced automated production lines, industry-leading 100,000-standard clean rooms, and high-standard testing centers. This ensures efficient, high-quality product delivery, supported by rigorous quality testing with advanced instruments and equipment.

Midea's quality assurance system in home appliances has enhanced Midea Hiconics' quality improvement efforts. Midea's extensive experience in the household market and strong aesthetic design capabilities have greatly influenced Midea Hiconics' product design and user experience. Their household storage products prioritize both performance and aesthetics, catering to modern families' desires for green, efficient, and smart living.

About Midea Hiconics 

Midea Hiconics, established in 2003, was publicly listed on the Shenzhen Stock Exchange under the abbreviation "Hiconics" and the stock code "300048" on January 20, 2010. In 2020, it is officially incorporated into the Midea Group. In 2023, three main lines of business emerged, a wide range of residential green energy products, high- and low- voltage inverters, and Midea's photovoltaic solutions.

For more information about Midea Hiconics, please visit https://www.hiconics-global.com/company-profile/.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Midea Hiconics Impresses at Intersolar 2024 with Launch of Its Full Range of Innovative Residential Green Energy Products

Midea Hiconics Impresses at Intersolar 2024 with Launch of Its Full Range of Innovative Residential Green Energy Products

Midea Hiconics Impresses at Intersolar 2024 with Launch of Its Full Range of Innovative Residential Green Energy Products

Midea Hiconics Impresses at Intersolar 2024 with Launch of Its Full Range of Innovative Residential Green Energy Products

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RoboSense Sales Volume of LiDAR for ADAS Achieved 487.7% YOY Growth in H1 2024

2024-07-19 22:17 Last Updated At:22:35

HONG KONG, July 19, 2024 /PRNewswire/ -- Recently, RoboSense announced its business progress for the first half year of 2024, demonstrating a high-growth trajectory and maintaining its leadership in the global market. For the six months ended June 30, 2024, RoboSense's sales volume of LiDAR products and LiDAR products for ADAS applications amounted to approximately 243,400 and 234,500 units, separately reflecting a year-on-year increase of 415.7% and 487.7%.

As OEMs rapidly pursued advancements in intelligent technology, RoboSense achieved nearly its 2023 annual sales volume in the first half year of 2024. RoboSense and the global automotive industry's intelligent upgrade are progressing and succeeding together. This exponential growth underscores RoboSense's exceptional capabilities in technological innovation and market expansion, reinforcing our trajectory of outstanding growth as an industry leader.

As of June 30, 2024, RoboSense's cumulative sales volume of LiDAR have reached approximately 583,500 units, with LiDAR for ADAS approximately 518,300 units. Since pioneering the mass production of LiDAR for ADAS in 2021, RoboSense has demonstrated significant growth, with steadily increasing sales that continue to lead the industry's development.

Leveraging its powerful LiDAR hardware and perception software technology, as well as leading product performance, RoboSense has made remarkable progress in obtaining vehicle model designs and achieving mass production for various vehicle models. As of May 17, 2024, we have received mass production designation orders for 71 vehicle models from 22 global OEMs and Tier 1 customers. By the end of the first quarter of 2024, we have achieved SOP 25 vehicle models from 12 of these customers.

At the 2024 Auto Beijing Show, RoboSense ranked No.1 with equipment for 37 models, and its occupation was over 50%. As more collaborative vehicle models launch and reach mass production, RoboSense repeatedly shatters records.

In technological innovation and product development, RoboSense continues to launch powerful and technologically advanced products that drive industry progress. In 2024 Q2 and Q3, RoboSense launched the M3, a long-range LiDAR, and the MX, a medium-range LiDAR. In particular, MX gained three new mass production projects shortly after its release, and is expected to realize its first mass production in 2025.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

RoboSense Sales Volume of LiDAR for ADAS Achieved 487.7% YOY Growth in H1 2024

RoboSense Sales Volume of LiDAR for ADAS Achieved 487.7% YOY Growth in H1 2024

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