An average incentive of 160 euros (20% of the average market price) led to a 45% growth in sales of refrigerators and washing machines From August to the end of September, 5.1 million families received incentives worth 6.4 billion yuan (830 million euros), according to data from the Chinese Ministry of Commerce reported by the state agency Xinhua,sales of household appliances in China rose to 33.5 billion yuan (4.34 billion euros). The incentive was therefore worth 19% of the average list price of the goods purchased.
Growth compared to the same months of last year was 45% in the categories involved (mainly air conditioners, washing machines and refrigerators).
It should be noted that some local governments such as Hubei Province and the cities of Shanghai and Chongqing have participated in the program by expanding the categories covered at their own expense and incorporating dishwashers, water purifiers and floor cleaning robots.
Category Archives: Domestic appliance news,
Midea stock exchange debut
Midea is now officially listed on the Main Board of Hong Kong Stock Exchange!
This dual-listing marks a major milestone in midea global expansion and technological leadership.
Looking ahead, they will continue to focus on technology leadership, digitalization, and global impact, increasing investment in R&D
Introducing the ILVE Spa Freestanding Cross-Door Refrigerator
Meet the newest addition to ILVE’s luxury kitchen collection—the 4-Door Refrigerator. Thoughtfully designed to complement the Nostalgie, Majestic, and Professional Plus series, it blends classic Italian craftsmanship with state-of-the-art technology. Elevate your kitchen’s #style with a variety of color options and customizable finishes in brass, burnished, chrome, or copper.
Key Features:
🔹 Spacious & Versatile: With an impressive 539-liter net capacity (322L for fresh food, 217L freezer), it includes 3 adjustable glass shelves, 6 door balconies, and 4 drawers to accommodate all your storage needs.
🔹 Advanced Cooling Technology:
– Total No Frost for effortless maintenance
– Super Cooling and Super Freezing functions to preserve freshness
– Multi-zone drawers with independent temperature control, including a humidity-controlled drawer and a variable temperature range (-4°C to +4°C)
🔹 Smart Features for Modern Living: Equipped with an internal LED display, automatic ice maker, and smart open-door alarm for ultimate convenience
LG earnings announcement
LG today announced its preliminary earnings results for the third quarter of 2024, reporting a consolidated revenue of KRW 22.17 trillion and an operating profit of KRW 751.1 billion. The company achieved record-high quarterly revenue, marking its fourth consecutive quarter of year-over-year revenue growth since the fourth quarter of 2023.In the home appliance sector, LG’s subscription services business continues to expand. Although third-quarter profitability was impacted by increased shipping costs and slower demand recovery in key markets, the company plans to address these challenges by diversifying its product portfolio, growing its online sales and tailoring offerings to meet regional market need
Haier Successfully Completes Acquisition of Carrier Commercial Refrigeration
Haier Smart Home Co., Ltd. , a global leader in consumer electronics and home appliances, announced the successful completion of its acquisition of Carrier Commercial Refrigeration from Carrier Global Corporation for an enterprise value of approximately $775 million. The technologies related to commercial refrigeration that the company owns or is licensed to use, including carbon dioxide technology, will contribute to environmental improvements, promote green transformation in enterprises, and benefit society. This acquisition further enriches Haier Smart Home’s diverse product portfolio and signifies an enhanced strategic positioning in the global commercial refrigeration market.
Falmec shows new products
Area30 is one of the most important events in Germany and Europe for the kitchen sector. For Falmec it was a great opportunity to present products and 2025 previews to a specialized audience of industry professionals, including retailers, architects and designers,
According to the organizer Trendfairs GmbH, the thirteenth edition of the event, held from September 21 to 26, saw the presence of over 12 thousand industry experts.
The Falmec stand reflected the concept of ‘invisible technology’ in which the aspiration becomes part of the kitchen architecture, with solutions that are hidden inside furnishing elements.
Bosch new Serie 6 and 4 ovens
Bosch new Serie 6 and 4 ovens . The new range stands out for its A+ energy efficiency class and modern and functional design. To simplify use as much as possible, the Touch LED display offers an overview of all the oven functions, proposed in a simple and intuitive interface . Through the touch buttons it is possible to conveniently access the oven settings, selecting the heating mode, temperature, cooking duration and all the additional functions
Furthermore, the hot air flow has been further optimized, which speeds up the heating phase, and functions have been added that expand the possibilities of experimenting with new cooking methods. With the Air Fry function, simply place the food in the special baking tray to obtain crispy, tasty and healthy fried food, using just a drizzle of oil. Some models are also equipped with the Added Steam function with steam pulses to enhance the flavors of the dishes, making them softer on the inside and crispy on the outside, and automatic programs, including the Regeneration function that allows you to reheat ready-made dishes to enjoy them as if they were just cooked.
Finally, some Bosch Series 4 ovens allow you to save time and effort thanks to the automatic pyrolytic cleaning system . Once the cycle is complete, all you need to do is wipe it down with a cloth to remove any traces of dirt.”
Sabaf Group signs a strategic agreement with the Egyptian Group UGT
Sabaf Group announced its partnership with UGT , a company known for the Unionaire and Premium brands. The positive moment continues for Sabaf Group. After having presented positive half-yearly data, it begins a new phase of expansion with the signing of an important long-term agreement with the Egyptian company.
UGT is one of the leading Middle Eastern manufacturers of household appliances with headquarters in Egypt and production sites throughout the North Africa and Middle East area. In recent years it has recorded significant growth with the Unionaire and Premium brands,The agreement formalizes the supply of components from Sabaf Group to UGT. It ensures that UGT’s appliances continue to feature high-quality, reliable, and innovative elements with a clear roadmap of continuous development for the benefit of UGT’s most loyal consumers. This partnership opens the door to advance in all areas of UGT appliances such as refrigeration, heating, induction cooking developments and small appliances, ensuring UGT gets the best world-class technologies (mechanical/electronic/induction) and an ecological footprint.
Whirlpool Smart Front Load Laundry Pair
The new Whirlpool® Smart Front Load Laundry Pair is a great example of innovation and upgrades born out of direct consumer feedback,” said Morgan LaLonde, Whirlpool Laundry Brand Manager. “We know laundry can feel like a never-ending task, and the last thing busy families want is to rewash a load because it sat for too long or took extra steps to get the clean results they expect. We developed a system that not only lets consumers close the washer door and help keep the machine fresh, but helps ensure clothes stay fresh and cared for as well.”Steam Capabilities: Steam-enhanced cycles and options help prevent wrinkles, refresh clothes and reduce static. So your clothes come out looking their best.
Steam Refresh Cycle: Release wrinkles using the Steam Refresh Cycle to get clothes ready to wear without rewashing.
AI Intelligent Dry: Uses three sensors to detect moisture and temperature to automatically adjust dry time.Achieve the ultimate time-saving duo by pairing the 25 minute Quick Wash cycle on the washer with a 30 minute timed dry* to finish laundry in under one hour. The washer and dryer also both come with Smart Capabilities so you can easily start, pause, track progress and receive cycle notifications right from your smartphone with the Whirlpool® App.Colour options include White, Radiant Silver and matte Volcano Black.
Bertazzoni Black Glass fridge freezer
Bertazzoni launched a new 60cm Black Glass Freestanding Fridge Freezer new RBM60F5FBNC, crafted with cutting-edge technology in every detail, offers advanced functionality and flexible configuration. The refrigeration compartment has a total capacity of 266 liters and four shelves, three of which are height-adjustable, allowing the interior space to be adapted according to different storage needs. The four height-adjustable door balconies provide optimal flexibility for storing bottles, jars, and other bulky containers.
A distinctive element of this model is the FrescoZero Chiller drawer, designed to keep meat and fish at the ideal temperature of around 0°C . This preserves freshness and organoleptic qualities of delicate foods, prolonging shelf life, and always ensuring healthy and tasty meals.
The freezer, equipped with a Total No Frost system, prevents the formation of ice and bacteria and eliminates the need for manual defrosting, keeping the compartment continuously clean and hygienic. This advanced system ensures that food is stored in optimal conditions, without alterations in taste or texture.
Finally, to ensure maximum ease of use, the new appliance features an intuitive touch screen display , which not only adds an element of modernity and elegance to the product but also provides precise control of the internal temperature, allowing you to monitor and adjust settings with simple touch
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