Midea Group Plans to Invest an Additional 60 Billion Yuan in AI Over the Next Three Years

On March 10th, Midea Group officially released its "Three Ones" strategy for whole-house intelligence and the self-evolving smart home body MevoX, marking a key step in its comprehensive transformation towards AI. In terms of R&D, Midea has invested over 60 billion yuan in R&D over the past five years and plans to continue investing over 60 billion yuan in the next three years, focusing on cutting-edge fields such as AI and embody intelligence. Currently, Midea has 500 million home appliances with network connectivity across all categories, and over 150 categories of home appliances have completed AI-based deployment. These smart home appliances, together with the Midea Home App, smart central control screens, and other terminals, constitute a full-space interactive entry point, becoming the sensing, connection, and interaction center of the home.