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Gree’s Dong Mingzhu: We are definitely going to make NEVs

BEIJING – Gree Electric Appliances Inc., China’s leading air-conditioning manufacturer, is determined on making new energy vehicles despite its recent failed acquisition of battery and electric bus maker Zhuhai Yinlong New Energy Co., Ltd. “Even though our acquisition of Zhuhai Yinlong has failed, we are definitely going to make NEVs

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First timers: Chinese truck and bus makers debut products at IAA in Hannover

At the 66th IAA Commercial Vehicles held in Hannover, Germany on September 22-29, four Chinese truck and bus manufacturers – Foton-Daimler, BYD, Zhejiang CRRC and Gree Yinlong – made it to the world’s largest commercial vehicle trade show held biennially for the first time. Following are highlights. – Editor  

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NEV players swarm into battery manufacturing

Two months after being acquired by Gree Electric Appliances Inc., Yinlong New Energy Co., Ltd. opened its lithium titanate material and battery manufacturing base on October 21 in Hebei.  Since Yinlong has acquired Guangtong Auto and Zhongbo Auto several years ago, Gree has successfully expanded its foothold into the

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China factor in Hannover

The 66th IAA Commercial Vehicles, the world’s largest commercial vehicle show, concluded today after a seven-day run. While traditional European truck and bus makers as well as suppliers dominated the headlines, China was again a significant factor. In fact, German Association of the Automotive Industry (VDA), which organizes the biennial

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Yinlong’s “Tri-Model” strategy, can it disrupt the bus industry?

Gree Electric Appliances Inc., one of China’s leading home appliance makers, officially acquired Zhuhai Yinlong New Energy Co., Ltd. (Yinlong) on August 18 for ¥13 billion ($2 billion), and released details of the acquisition and future plans. Yinlong has witnessed rapid rise over the last couple of years in the

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M&A of bus manufacturers facing mixed fortunes

The Chinese bus industry has witnessed several mergers and acquisitions recently. For example, the Gree Group has acquired Zhuhai Yinlong New Energy Co., Geely Group has purchased Dongfeng Nanchong, Ayvip Bus has become part of Shanlin Financial, and Zonda Group has sold its Zonda Yanjing Bus brand. Earlier last year,

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