‘Explosive demand’ for cooling continues as Europe swelters, China’s Midea says

Chinese home appliance maker Midea reported that European demand for its air conditioners continues to soar amid recurrent heatwaves, with two of its factories receiving hundreds of thousands of new orders in a month.
The factories, in the eastern city of Wuhu and the southern port city Guangzhou, received new European orders for 200,000 units within a month amid “explosive demand”, the company said in a statement on Wednesday on the Shenzhen Stock Exchange’s investor Q&A platform.
The company...