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According to a report by Cailian Press on July 11, insiders of Chinese home appliance company Hisense revealed that its subsidiary Sanden Corporation (US) had recently received orders for two electric compressor projects produced by a world-leading NEV manufacturer in the US, promising to supply products for five years. It is estimated that the total annual order volume will exceed $100 million.
According to relevant sources, the leading enterprise is Tesla. In addition, according to another domestic media outlet The Paper, people familiar with the matter confirmed the order, but both parties have signed a confidentiality agreement, so Hisense will not make it public.
In June 2021, Hisense Home Appliances, a listed company of Hisense, completed the acquisition of Sanden Corporation (Japan), holding about 75% of its voting rights and officially becoming its controlling shareholder. According to public information, Sanden Corporation is the world’s leading first-class manufacturer of automotive air-conditioning compressors and automotive air-conditioning systems.
SEE ALSO: Hisense Plans to Acquire Siemens Intelligent Traffic Systems
Hisense Home Appliances’ main business covers R&D, manufacturing and marketing of refrigerators, central air conditioners, household air conditioners, freezers, washing machines, commercial cold chains, and other electrical products in kitchens and bathrooms. According to the 2021 interim report released by Hisense last year, during the reporting period, due to the completion of the merger and acquisition of Sanden Corporation, Hisense Home Appliances expanded to automobile air-conditioning compressors.
In the speech, Elon Musk praised the growth potential of the Chinese market and emphasized the innovation of Tesla's competitors in the country.
Tesla China released a recruitment message for R&D staff on Monday, covering more than 100 positions, with the workplace mainly in the Shanghai Lingang New Area.
Regarding the recent news of Tesla's suspension of global hiring, a source close to Tesla China said that no updates on layoffs have been issued, and a massive recruitment drive was conducted not long ago.
During an online speech at the opening ceremony of the Third Qingdao Multinationals Summit on Sunday afternoon, Grace Tao, Global Vice President of Tesla, said that the Shanghai Gigafactory contributed half of its global delivery in 2021.
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