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Haier was founded as Qingdao Refrigerator Co. in 1984. With China opening up to world markets, foreign corporations began searching for partnerships in China. One of these, Germany's refrigerator company Liebherr, entered into a joint-venture contract with Qingdao Refrigerator Co., offering technology and equipment to its Chinese counterpart.
On June 6, 2016, Qingdao Haier (now Haier Smart Home Company) acquired GE Appliances for $5.6 billion. Under the terms of the sale, Haier has the right to use the GE brand name until 2056. GE Appliances launched a refreshed tagline ("good things, for life") in 2017, [ 14 ] [ 15 ] [ 16 ] a nod to its history with General Electric, which used the ...
The company was founded by the De'Longhi family in 1902 as a small industrial parts manufacturing workshop. [3] The company incorporated in 1950. [4] Historically a major producer of portable heaters and air conditioners, the company has expanded to include nearly every category of small domestic appliances in the food preparation and cooking, as well as household cleaning and ironing, segments.
Innovations in the latter half of the 20th century allowed more ubiquitous air conditioner use. In 1945, Robert Sherman of Lynn, Massachusetts, invented a portable, in-window air conditioner that cooled, heated, humidified, dehumidified, and filtered the air. [37] The first inverter air conditioners were released in 1980–1981. [38] [39]
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WASHINGTON (Reuters) -The Justice Department late on Wednesday asked a U.S. appeals court to reject an emergency bid by TikTok to temporarily block a law that would require its Chinese parent ...