Industrial and Financial Synergy! Midea Group Deepens Cooperation with Bank of Communications Financial Leasing and Bank of Communications

On March 26, a delegation from Bank of Communications Financial Leasing Co., Ltd. (hereinafter referred to as “Bank of Communications Financial Leasing”) and Bank of Communications Guangdong Branch (hereinafter referred to as “Bank of Communications”) visited Midea Group. This exchange aims to deepen existing new energy cooperation while further exploring diversified business synergies in the fields of ribots, medical health, and logistics.

During the meeting, both parties communicated and discussed the progress in the business areas where cooperation has already been established. Both sides expressed that the current collaboration with HICONICS in distributed photovoltaic business is a good start, and hope to expand diversified cooperation in more areas in the future.

Eric Wang, Executive President of Midea Group and President of the New Energy Business Division, stated that in the coming years, Midea Group will rely on its solid manufacturing foundation, digital R&D capabilities, and full industry chain协同advantages, focusing on the three major tracks of new energy, robotics, and healthcare, steadily expanding its innovation business landscape. This in-depth exchange with Bank of Communications Financial Leasing and Bank of Communications aims to further strengthen the integration of industry and finance, and deepen strategic cooperation.

Chenyu Chen, Chairman of Bank of Communications Financial Leasing, stated that as a diversified technology company, Midea’s global vision and its layout in the new energy sector align closely with the development direction of Bank of Communications Financial Leasing. As a state-owned large financial leasing enterprise, Bank of Communications Financial Leasing (BOCFL) will focus on the energy, power, and equipment leasing sectors in the future, while consolidating its strengths in shipping and aviation. It will delve deeper into industrial finance, using green finance to empower the low-carbon upgrade of the real economy and enhancing its professional service capabilities. BOCFL will fully leverage its advantages in financial leasing, accurately allocate resources, and facilitate the rapid implementation of deep cooperation between both parties.

Huang Shaoyu,  reviewed the past cooperation achievements and expressed a willingness to further deepen comprehensive cooperation.

In addition, the team from Bank of Communications Financial Leasing and Bank of Communications also visited the Midea headquarters' Hall 08, gaining a direct understanding of Midea Group's main strategic axis and industrial layout, laying a solid foundation for further deepening cooperation between both sides.

This cooperation is regarded as a typical case of the upgrade in industry-finance synergy. Both parties will use financial leasing as a link to facilitate the full-chain synergy in new energy, robotics and automation, intelligent manufacturing, and other fields, effectively assisting in the implementation of major strategic deployments such as national energy transition and new-type industrialization.