MIND Thermal System has ushered in another new milestone

MIND Electric Appliances Co., Ltd. Thermal System was successfully awarded two global vehicle platform projects by BMW Group in October and November 2023, becoming the first Chinese enterprise to obtain the designated position for BMW's global air conditioning business. In order to expand the global footprint for MIND Globalization Strategy and better serve customers in close proximity, the company will build plants in Shenyang, China and Dingolfing, Germany.

Signing Ceremony of the Plant in Shenyang Shenbei New District

On December 1, 2023, Mr. Zhao Guoqing, Chairman of MIND Electric Appliances, Mr. Wu Nan, CEO of MIND Electric Appliances, and Mr. Wu Jun, Secretary of Shenbei New District Committee and Huishan Development Zone Party Working Committee, as well as the relevant officials from both government and enterprises, attended the signing ceremony at Shenbei New District People's Government in Shenyang.

MIND Thermal System plans to invest 200 million CNY to build a 55 acre automotive components production base which located in Shenbei New District (Huishan Development Zone). The project is expected to have an annual sales revenue of 350 million CNY after SOP, with total sales revenue 1 billion CNY 3 years after SOP. It will provide more than 200 job opportunities and contribute to Shenbei New District’s automotive industry.

Ribbon Cutting Ceremony at the plant in Dingolfing, Germany

The cooperation with BMW AG for the new projects and the establishment of a new plant this time is another key milestone in the development history of the MIND Thermal System. It is an important witness for MIND to become a leading enterprise in the air conditioning industry, while promoting MIND's overall ability improvement and helping MIND further expanding towards internationalization.

MIND Thermal Systems will use this chance as a driving force, concentrate high-quality products and services, integrate global technology, talent, market and other resources to deliver and create greater value for the customers, continuously promote business depth, expand globally, and become the preferred choice for the customers.

At present, the automotive components products of MIND Thermal System cover five categories: air conditioning and cooling modules, heat pump systems, battery cooling, user experience products, and intelligent control products. There’re 10 production bases in Baoding, Xushui, Tianjin, Taizhou, Jingmen, Chongqing, Pizhou, Shenyang, Thailand, and Germany. With 4 research and development base in Wuhan, Chengdu, Shanghai, and Germany, MIND has excellent independent research and development capabilities.