Gree Electric Appliances Inc of Zhuhai - Company Profile
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Business Description
Gree Electric Appliances Inc of Zhuhai (Gree Electric) is a manufacturer of household consumer goods and industrial equipment. The company’s product portfolio comprises air conditioners, HVAC, refrigerators, washing machines, water heaters, kitchen appliances, environmental appliances, communication products, smart buildings, and smart household appliances. It also offers high-end equipment, precision moulds, freezers and refrigeration equipment, motors, compressors, capacitors, semiconductor devices, and precision casting equipment.
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R&D Overview
The R&D arm of Gree Electric focuses on developing innovative products, besides enhancing the performance of exiting products. It has 72,600 domestic patents applications, including 36,329 invention patents. The company manages 929 advanced laboratories, 96 research institutes, four national R&D centers, and one academician workstation. In FY2022, the company incurred expenses of CNY6,281.4 million on R&D, which as a percentage of revenue, stood at 3.3%.
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