On June 14th, Gizcoupon reported that the major appliances air conditioning department of Xiaomi Group had announced a strategic partnership agreement with the air conditioning department of Panasonic. Both parties will establish resource sharing in the areas of air conditioning product research, development, production, and manufacturing, thereby forming a multi-level and multi-domain strategic cooperation relationship.
Xiaomi stated that the collaboration would focus on product manufacturing through contract manufacturing, aiming to enhance product quality and optimize the manufacturing process. The deeper significance of this strategic partnership lies in the shared technological research and development resources between the two companies.
During the signing ceremony, Zhang Feng, Partner and Senior Vice President of Xiaomi Group, and Matsuoka Shigeru, Vice President of Panasonic Corporation and President of Panasonic Corporation China Northeast Asia, delivered speeches. Shan Lianyu, General Manager of the major appliances air conditioning department of Xiaomi Group, and Jin Hailong, General Manager of Guangzhou Panasonic Air Conditioner, jointly signed the cooperation agreement.
Gizcoupon has noticed that Xiaomi and Panasonic have already engaged in multiple collaborative projects. These include the “Super Energy Saving” series of air conditioners by Xiaomi, which are already on the market, as well as newly developed fresh air conditioning products co-developed by both companies. It is expected that there will be comprehensive cooperation plans in the future, covering a wider range of home appliance product lines.
Xiaomi entered the air conditioning market in 2018 and established the home appliance division in 2020. According to Xiaomi Group’s Q1 2023 financial report, the number of devices connected to Xiaomi’s AIoT platform has reached 618 million. Furthermore, the number of users with five or more AIoT products has exceeded 12.3 million. The revenue of the smart home appliance business has shown continuous year-on-year growth for five consecutive quarters, with growth figures exceeding 60%.
