Source: Tech – South China Morning PostMidea Group, the world’s largest home appliances maker, is spending 11 billion yuan (US$1.74 billion) to manufacture components for electric vehicles as sales by Tesla and its Chinese challengers grow exponentially.The group said it has started construction on a plant in Anqing in eastern Anhui province, capable of producing 60 billion yuan worth of parts annually, including power steering motors, thermal management systems and driving assistance systems.It did not disclose when the plant will…Read More