www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Motoring

Gree makes foray into electric car race

By Li Fusheng (China Daily) Updated: 2016-08-22 07:44

Gree makes foray into electric car race

A person passes by a Gree outlet in Yichang, Hubei province. Zhou Jianping / For China Daily

China's largest air conditioner manufacturer is jumping on the electric vehicle bandwagon having agreed to pay 13 billion yuan ($2 billion) to acquire an automaker in Guangdong province.

Gree Electric Appliances Inc will fund the takeover of Zhuhai Yinlong New Energy Co by selling 834.9 million new shares at 15.57 yuan apiece, about 19 percent lower than the stock's last traded price, according to its filing to the Shenzhen stock exchange on Aug 18.

Gree shares have been halted from trading since Feb 22 "because of a possible important takeover". Its shares will remain suspended until after the Shenzhen stock exchange and other government agencies review and approve the acquisition, the appliance maker said in a statement on Aug 18.

Established in 2004, Yinlong started making inroads into the new energy sector in 2009. The company sold 3,189 electric buses in 2015, seizing a 3.6 percent market share in China.

It has a lineup of seven electric passenger cars and 18 electric buses, according to its website, and also manufactures lithium-ion batteries as well as controller systems for electric vehicles.

Gree's President Dong Mingzhu has long made public that the company plans to produce electric cars as part of its strategy to diversify its business interests.

She told China Daily earlier this year that Gree's business activities will range from its core air conditioners and white goods to smartphones, new energy vehicles and intelligent equipment.

The company launched its second generation of smartphones in June, after an almost year-long trial operation of its first batch, which were only sold to employees for testing purposes.

Auto industry analysts believe Gree's foray into the electric car making sector is mainly a result of the favorable policies, including subsidies, that have been introduced to promote and develop the sector.

China, already the largest new energy vehicle market in the world, plans to put 5 million such vehicles on its road by 2020.

Some reports, however, have suggested that Gree's takeover is aimed more at Yinlong's battery technology than its cars.

Dong revealed in March that Gree is developing new products that would serve air conditioners and generate electricity for home appliances under the same roof, reported the Automotive Business Review magazine.

The report said such products would require electricity generation and storage technologies, which Yinlong has specialized in.

Gree also released its mid-year financial report on Thursday. Its net profit rose 12 percent to 6.4 billion yuan in the first half of the year while its revenue slipped 1.85 percent to 49.2 billion yuan.

Its revenue slumped nearly a third to 99.8 billion yuan in 2015, the company's first annual sales decline on record.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 免费手机黄色网址 | 人碰人碰人成人免费视频 | 黄色wwwcom| 正在播放国产大学生情侣 | 在线观看一级 | 日韩在线 中文字幕 | 日本成人在线免费 | 最新精品在线视频 | 91精品国产高清久久久久 | 国产日韩精品在线 | 成人夜色香网站在线观看 | 免费视频18 | 国产日本欧美高清免费区 | 一区二区三区四区视频 | 中文字幕一区二区三区有限公司 | 亚洲视频在线a视频 | yp国产在线观看 | 精品韩国主播福利视频在线观看一 | 在线免费视频国产 | 波少野结衣在线播放 | 国产美女一区二区 | 欧美精品v欧洲精品 | 欧美三级在线视频 | 99在线视频网站 | 长腿美女被啪的欲仙欲死视频 | 久久91精品牛牛 | 一级毛片区 | 手机在线精品视频 | 中文字幕成人在线观看 | 亚洲一级毛片在线观播放 | 亚洲大片免费 | 成人国产精品999视频 | 欧美精品午夜 | 国产精品国产三级国产专播 | 日本午夜视频 | 久草在线免费资源站 | 亚洲男人天堂av | 久草在线影 | 亚洲精品一区二区三区在线播放 | 免费萌白酱国产一区二区三区 | 久久一区二区三区免费 |