Midea’s liquid cooling business in co-development projects, shipments targeted for next year

Midea is positioning itself as a full-stack liquid cooling supplier rather than a component vendor, which matters because co-development with major manufacturers typically precedes design wins and volume orders. The involvement of both domestic and overseas partners signals that liquid cooling demand is broadening beyond a single region, though the timeline to large-scale shipments remains a year out. The open question is whether these co-development projects convert into named production contracts, since that — not the product matrix itself — would mark a real shift in Midea's role in the cooling supply chain.