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

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Gree to buy electric car company

By Ma Si | China Daily | Updated: 2016-03-08 08:07

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.

masi@chinadaily.com.cn

Gree to buy electric car company

An outlet of Gree Electric Appliances Inc in Yichang, Hubei province. Liu Junfeng / For China Daily

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美一级特黄特黄毛片 | 成人午夜网 | 精品国产无限资源免费观看 | 欧美jizzhd精品欧美高清 | www.碰| 手机看片日韩日韩韩 | 男女性关系视频免费观看软件 | 国产在播放一区 | 日本精品久久 | 三级毛片在线免费观看 | 国产三级久久久精品三级 | 久久国产热视频 | 国产女人伦码一区二区三区不卡 | 欧美成人小视频 | 久久久久网站 | 国产亚洲精品国看不卡 | 亚洲国产精品成 | 国产黄a三级三级三级 | 国产日产欧产精品精品推荐小说 | 宅女深夜福利视频在线 | 欧美成人免费观看 | 国产精品免费精品自在线观看 | 久久精品免视国产 | 久久受www免费人成看片 | 国产区二区| 高清韩国a级特黄毛片 | 国产午夜爽爽窝窝在线观看 | 免费一级欧美性大片 | 欧美专区视频 | 萌白酱粉嫩jk福利在线观看 | www.av视频在线观看 | 久久精品人人爽人人爽快 | 一色屋色费精品视频在线看 | 另类欧美日韩 | 亚洲天堂一区二区在线观看 | 免费在线一级毛片 | 国模肉肉人体大尺度啪啪 | 欧美精品videos | 久久草在线 | 九九视频在线免费观看 | 久久综合免费 |