Thailand Approves Haier Subsidiary's $400 Million Investment in Plant Construction Thailand Board of Investment said on September 19 that it had approved the investment of $400 million by the Thai subsidiary of China's Haier Smart Home Co., Ltd. to build an air conditioning factory, with products mainly for export. The project will produce smart air conditioners equipped with sensors and electronic devices that can detect and receive information and can also be connected to smartphones and other devices through WiFi networks, with an annual production capacity of up to 6 million units. The project will be mainly for export, and it is expected to start production in September 2025 and be fully operational by 2027, with plans to employ more than 3,000 Thai workers.