Zhuhai-based home appliance giant Gree Electric is expanding its presence in the automotive industry, supplying air conditioner systems for Geely Auto and FAW-Volkswagen, according to Securities Daily.
Geely is using Gree’s air conditioning system in all of its planned plants, employee dormitories, and other areas that require air conditioning. Besides Geely, Gree is cooperating with many Chinese auto firms like FAW-Volkswagen and Dongfeng Honda. The company is expanding quickly into the field with electrical and appliance manufacturing. Given the stated ambitions of its high-profile chairperson, Dong Mingzhu, no one should be surprised to see Gree launching its own electric cars in the future. She has tried to buy her way in, but could not acquire Zhuhai’s leading new energy vehicle company, Yinlong, three years ago.
Read more (in Chinese).