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 / Companies

Air-conditioner maker Gree to buy electric car company

By Ma Si (China Daily) Updated: 2016-03-08 07:54

Air-conditioner maker Gree to buy electric car company

An outlet of Gree Electric Appliances Inc in Yichang, Hubei province. [Photo/China Daily]

Gree Electric Appliances Inc, a leading Chinese home appliances maker, is planning to branch into new-energy vehicles by acquiring a local electric car producer which controls a Nasdaq-listed US battery firm.

It's the latest effort by China's largest air-conditioner manufacturer to diversify its business, as dwindling air-conditioner sales weigh on revenue and profitability.

Gree is planning to issue new shares to buy Zhuhai Yinlong New Energy Co, which itself is the controlling shareholder in Altair Nanotechnologies Inc, a Nevada-based lithium battery company, the company said on Sunday.

Headquartered in Zhuhai, Guangdong province, Gree did not disclose what stake it would take in Zhuhai Yinlong or the possible investment value. A spokesman for Gree said details are sill under discussions.

Zhuhai Yinlong was China's seventh-largest seller of electric buses in 2015, after racking up 7,000 orders and producing more than 3,100 electric vehicles, data from its official website show.

With three production bases across the country, it has the capacity to make 33,000 electric buses and 100,000 electricity-powered SUVs yearly.

Liu Buchen, an independent researcher on the home appliances sector, said its move comes as Gree is under mounting pressure to seek for new growth points.

"Gree generates about 95 percent of its revenue from selling air conditioners," Liu said.

"But over-reliance on a single product is increasing the company's financial risks, especially as the air-conditioner industry is having bad years."

In the first three quarters of 2015, Gree's revenue plunged more than 17 percent year-on-year to 81.5 billion yuan ($12.5 billion) due to overcapacity and weakening demand.

"Undoubtedly, the new-energy vehicle market boasts huge growth potential, but it is difficult to say whether that can be Gree's opportunity, given the fierce competition," he added.

Internet giants Tencent Holdings Ltd and Baidu Inc, as well as e-commerce heavyweight Alibaba Group Holding Ltd are all eyeing the sector through either partnerships or acquisitions, partly stimulated by strong policy support from the government.

Last year, sales of new-energy vehicles more than tripled to more than 331,000 units in China, including more than 247,000 pure electric cars and 83,600 plug-in hybrids, according to the China Association of Automobile Manufacturers.

The central government expects that cumulative sales of new-energy vehicles to reach 5 million units from 2012 to 2020.

Gree's interest in new-energy vehicles is not the company's first step to branch beyond the home appliances sector.

In 2015, it launched a 1,600 yuan smartphone designed to meet consumers' growing demand for quality products, but sales failed to meet Gree's expectations.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久99国产精品久久欧美 | 欧美一级毛片欧美毛片视频 | 午夜一级成人 | 亚洲波多野结衣日韩在线 | 亚洲特级毛片 | 九草在线播放 | 毛片免费视频网站 | 国产一级强片在线观看 | 九九精品激情在线视频 | 日韩三级免费 | 一区二区三区精品国产 | 女人张开腿给男人桶爽免费 | 中文字幕视频网站 | 日韩精品免费视频 | 怡红院亚洲| 日韩欧美精品在线观看 | 国产一级做a爰片久久毛片99 | 国产孕妇孕交大片孕 | 波多野结衣在线视频免费观看 | 亚洲精品网址 | 一级黄视频 | 成人中文字幕在线高清 | 国产精品久久自在自线观看 | 拍拍拍又黄又爽无挡视频免费 | 国产免费一区不卡在线 | 中文字幕亚洲精品第一区 | 成人观看视频又黄又免费 | 毛片美国| 国产xvideos国产在线 | 国产呦精品一区二区三区网站 | 美国毛片一级视频在线aa | 国产精品久久久久无码av | 久久精品国产半推半就 | 久青草国产手机在线观 | 日韩欧美毛片免费看播放 | 另类视频一区 | 我们2018在线完整免费观看 | 米奇777色狠狠8888影视 | 中文国产成人精品久久一区 | 久久综合99re88久久爱 | 二区中文字幕 |