On April 26, 2022, the signing ceremony of strategic cooperation between Midea Industrial Technology and Wuhan Tianteng Power Technology Co., LTD. (hereinafter referred to as “Tianteng Power”) was held in Wuhan, Hubei Province. Midea Industrial Technology officially announced the acquisition of Tianteng Power, with this strategic cooperation, Midea Industrial technology to further expand the territory of the intelligent transportation industry, into the green two-wheel travel market; Tianteng power will also rely on the United States industrial technology deep technical reserves, focusing on product technological innovation. Vice President of Midea Group, President of Midea Industrial Technology Group Fu Yongjun, Chief engineer of Wuhan East Lake High-tech Zone Management Committee Li Shiting, General manager of Midea Industrial Technology Group Weiling Motor Products Co., LTD., Chairman of Wuhan Tianteng Power Co., LTD. Luo Sanyong, General manager of Wuhan Tianteng Power Co., LTD., Liu Han, General manager of Shenzhen Xinlong Health Industry Development Co., LTD., Liao Xuehu, CEO of Shenzhen Xinlong Health Industry Development Co., LTD. Yang Tao, chairman of Wuhan East Lake High-tech Group Co., LTD., attended the signing.

Midea industrial technology and Tianteng power signing site

As a precision manufacturing enterprise focusing on research and development, production and sales of drive systems, Tianteng Power has provided electric power drive system solutions for the global two-wheel travel field since its establishment in 2016, with independent development capabilities, and master key core technologies such as motor design, motor control, structure and industrial design, and sensing technology. After the acquisition of Midea, Tianteng Power products will cover two-wheel central motors, wheel hub motors, torque sensors, and code meters. Tianteng Power actively explores overseas markets and carries out a global layout, establishing modern factories including Wuhan and Vietnam. In addition, six global service centers located in the Netherlands, France and the United Kingdom are also planned, and Tianteng Power will provide better products and services for global customers. At present, Tianteng Power mainly provides drive system solutions for middle and high-end electric assisted bicycles (E-bike) in Europe, the United States, Japan and other countries and regions.

In recent years, with the concept of “low-carbon environmental protection and green travel” deeply rooted in people’s hearts, it has spawned the rapid development of the “new track” of electric power bicycle (referred to as E-Bike). E-Bike not only makes cycling labor-saving and easy, greatly alleviates the problem of manual cycling fatigue, and gradually becomes a new choice for urban transportation travel, at the same time, with the help of the electric drive system, it makes the two-wheel riding of electric mountain bikes, electric urban bicycles, electric freight bicycles and other scenarios more feasible. According to statistics, the global scale of E-Bike in 2021 is about 7.27 million units, and it is expected that by 2030, the global E-Bike market will reach 19 million units.

CM572-DP

In the huge market size, after the acquisition of Tianteng power by Midea Industrial technology, it has two E-Bike drive system brands Welling and Motinova, and its series of motor with its quiet, efficient, intelligent, smooth and compact five core technical highlights, quickly opened the situation in overseas markets, becoming the “new force” of electric power bicycles:
•Welling brand positioning in the high-end, the United idea Industrial Technology Research Institute, CRC Institute of Solid Mechanics, Mechronics and other technical forces, independent innovation and development of high-precision sensor technology and integrated control system, can detect the pedal pedal force of the rider, and generate equivalent power as auxiliary feedback in a very short time.
•Motinova brand positioning in the middle, has developed two series of motor products: VOLANS series motor products for urban traffic and suburban travel design, smooth and quiet, support the maximum 270% drive power ratio, light operation, can be smoothly switched between five speeds, bring natural and comfortable riding experience; The PEGASI series motor is designed for electric assisted mountain bikes, supporting a maximum drive to assist ratio of 320%, strong and quiet, compact and lightweight, 10 milliseconds response speed can more sensitive to identify riding intentions, so that riders can better experience the thrill of rough terrain.

Tianteng Power provides electric power drive system solutions for the global two-wheeled travel field

By the end of 2021, Midea Industrial Technology announced its layout in the four strategic areas of intelligent transportation, industrial automation, green energy and consumer appliances, providing green and innovative solutions according to the actual needs of customers. The acquisition of Tianteng Power marks the United States industrial technology officially entered the “two-round travel” market, and gradually improve the product layout. For both brands, not only to achieve the “win-win” of sharing product common technology and promoting technological innovation, but also the existing research resources of Midea Industrial technology, Weiling’s cutting-edge motor technology solutions, vehicle scale electronic and electrical components technology, reliable test bench and laboratory, large-scale lean manufacturing system and perfect supply chain system. It can provide support and guarantee for Tianteng Power to further enhance the competitiveness of its products. Accordingly, Tianteng Power also has rich industry experience and customer resources, and will provide ideas and references for existing product updates and technological iterations in the field of industrial technology intelligent transportation of the United States.

With the deepening of the layout and development of the intelligent transportation industry, Midea industrial technology will also work with Tianteng Power to bring more choices to global consumers with more innovative and better quality electric power bicycle parts, and provide more support for the development and change of the electric power bicycle industry.