On January 6, 2023, the first phase of Welling Auto Parts Anqing New Energy Auto Parts Strategic New Base (hereinafter referred to as "Welling Anqing Base") of Midea Industrial Technology was officially put into operation. As one of the largest projects in the history of Midea Group, Welling Anqing Base has successfully achieved the construction expectation of "put into operation within one year" proposed at the time of foundation laying, once again allowing the world to see the "speed of Midea" that the mission must be achieved。 At the same time, the commissioning of Welling's Anqing project also marks the initial achievement of Welling's focus on breaking through the "four basics" bottleneck such as the core basic components of new energy vehicles and the strategic goal of "Anqing + Hefei" dual bases. Zhang Xiangan, Secretary of Anqing Municipal Party Committee, Zhang Junyi, Mayor of Anqing City, Fu Yongjun, Vice President of Midea Group and President of Industrial Technology Business Group, Xu Chengmao, Vice President of Midea Industrial Technology Business Group and President of Industrial Technology Research Institute, Chen Jintao, General Manager of Midea Industrial Technology Welling Auto Parts Company, and Lv Hongzhi, Director of Quality and Intelligent Manufacturing of Midea Industrial Technology Business Group, attended the project commissioning ceremony.

For the official production of Welling Auto Parts Anqing Base, Zhang Junyi said: "During the '14th Five-Year Plan' period, Anqing Economic and Technological Development Zone will carry out a series of work around the vehicle chain extension, chain supplement, and strong chain, and strive to form a Ganyi automobile industry cluster by 2025, I believe that the commissioning of Welling Anqing base will bring more cluster and collaboration advantages to the development of Anqing and even Anhui automobile industry."

Fu Yongjun said at the commissioning ceremony: "As the strategic direction of Midea Group, the new energy vehicle industry has invested more than 10 years in R&D. From the development of cutting-edge technology to the establishment of Welling Auto Parts Company in 2018, from the layout of products in the 'three major fields' to the production of Anqing base, Midea's industrial technology will become an important part of China's new energy vehicle industry chain step by step, and contribute to the rise and continuous innovation of China's new energy vehicle industry. ”

Meet the "blowout" of new energy vehicle market demand at the "speed of beauty"

With the in-depth promotion of the "dual carbon" goal and the acceleration of the integration and development of the global automobile industry with energy, transportation, information and communication and other fields, China's new energy vehicles will usher in greater development opportunities. According to the data of the Passenger Association, as of November 2022, the domestic retail penetration rate of new energy vehicles has reached 36.3%, and in 2023, with the acceleration of major traditional brands to develop new energy and the continuous improvement of charging facilities, the overall penetration rate of new energy vehicles is expected to approach 50%, and the market space is huge. The completion and commissioning of Welling Anqing base will further enhance the production capacity and delivery stability of Welling's core parts and components of new energy vehicles, respond to a new round of "blowout" of demand more calmly, and contribute to the acceleration of scientific and technological innovation and localization in the field of core parts.

Taking the first electric compressor off the assembly line as an example, the product has the characteristics of "high speed, low noise, and low power consumption", and is mainly used by mainstream electric vehicle companies in the market such as Ideal, Xiaopeng, and Weilai. Behind the leading product performance is inseparable from the excellent manufacturing strength of Welling Anqing base. It is reported that the production line put into operation this time once again leads the development of the industry with many highlights such as "flexible production, traceability, and high degree of automation". For example, the production line can realize agile and rapid changeover of multiple products in the whole production process; Accurate traceability of process parameters of the assembly process based on QR code; Up to 93% of the automated production ratio greatly improves production efficiency and quality assurance. With the support of strong manufacturing capacity, Welling's Anqing base is expected to complete the production capacity ramp-up in late February, and will move towards the goal of 1 million electric compressors, 1.2 million EPS steering motors, and 200,000 drive motors per year.

Lay out the "three major fields" and lead the development of the industry with benchmark products

As an important carrier of Midea Group's strategic transformation, Welling Auto Parts focuses on incremental components in the three major areas of "thermal management, electric drive, and chassis execution system" of new energy vehicles, covering five product lines: electric compressor, drive motor, EPS steering motor, electronic oil pump, and electronic water pump。 In addition to Welling's Anqing base, Welling has also set up R&D centers and cooperative institutions in Shanghai, Hefei, Anhui, Shunde, Guangdong, Osaka, Japan, and the University of Sheffield, UK, to continuously improve the technical capabilities of core components of China's new energy vehicle companies. Relying on the advantages accumulated in the technical layout of R&D personnel, patents and the dual production base of "Anqing + Hefei", Welling Auto Parts will provide "double insurance" product supply for vehicle manufacturers.

It is worth mentioning that in order to solve the pain points that affect the decision-making of end consumers, such as "slow charging and short battery life", Welling Auto Parts took the lead in launching the industry's benchmark product - the world's first 800V silicon carbide (SiC) 12,000rpm high-speed electric compressor。 The product is equipped with ultra-high insulation pressure technology for compressors with up to 5 times the insulation withstand voltage capacity and SiC silicon carbide compressor electronic control scheme that can reduce losses by 80%, with high speed, large cooling capacity, low vibration and reliable quality, etc., it directly hits the pain points of new energy vehicles such as slow charging and short battery life, and lays the foundation for new energy vehicles to move towards the era of 800V ultra-fast charging.

With the commissioning of Welling's Anqing base, Midea's forward-looking layout in the field of core components of new energy vehicles has initially appeared. Based on more than 10 years of technology research and development accumulation, large-scale lean production experience, as well as excellent product performance, efficient delivery guarantee, high-quality pre-sales and after-sales service, Welling Auto Parts is winning the trust of more and more car customers. Adhering to the strategic vision of "science and technology drives everything" of Midea Industrial Technology and the goal of "becoming a core supplier of global new energy vehicle parts", Welling Auto Parts will rely on the strategic layout of five major R&D centers and two production bases in the world and the technical synergy advantages of Midea's industrial technology to provide new energy vehicle customers with products with leading technology and stable performance, play the role of "stabilizing and strengthening the chain", and contribute to the high-quality development of the new energy vehicle industry.