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Millet Strategic Investments TCL Cooperative Air Conditioning, Washing Machine and Other Household Appliances Business

via:CnBeta     time:2019/1/6 18:02:45     readed:580

Previously, TCL Group signed a strategic cooperation agreement with Xiaomi Group on December 29, 2018. The two sides will carry out joint research and development in the integration of intelligent hardware and high-end basic devices of electronic information core, innovate the application of new device technology in next generation intelligent hardware, establish cooperation or joint investment in core, high-end and basic technology fields, so as to promote innovative intelligent products. Continuously improve the experience and interaction of global users.

In 2018, Dalian Electric Business has become a new growth point of Millet Group. After the first organizational restructuring of millet, a new TV department was established to take charge of TV business and incubate new business such as air conditioning. At the same time, as a giant of household appliances industry, TCL has adjusted its strategy to focus on semiconductor display business, material business and emerging business.

Therefore, the two sides have shown strong complementarity in their business. Millet has strong product definition, R&D and design capabilities, and advanced Internet thinking. TCL has a very rich supply chain, production experience, and strong competitiveness in semiconductor display business. According to public data, TCL's Huaxing Optoelectronic TV panel ranked fifth in the world in the first three quarters of 2018.

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