Based out of Zhuhai in China, Gree Electric Appliances Inc is one of the world’s largest air conditioner manufacturers. In addition to home cooling systems, they also build and sell induction cookers, humidifiers, air purifiers, rice cookers, heaters, water kettles, water dispensers, and electric fans. They sell their products internationally and to the Chinese domestic market.
Created in the late 1980s, Gree is a relatively young air conditioner builder compared to many other international brands founded in the mid-20th century. While they were originally known as the Zhuhai City Haili Cooling Engineer Company Limited, the company was restructured in 1992 and renamed Gree Electric. Like their first name, Gree’s early growth was unimpressive and they were not added to the Shenzhen Stock Exchange until 1996. Despite their initially slow growth compared to the rest of the booming Chinese economy, Gree experienced a 46% expansion in 2008 in spite of the global economic recession.
Today, Gree Electric has continued to increase its sales while the rest of the Chinese economy shows signs of slowing. They experienced a large sales increase in the first quarter of 2011 and are one of the largest air conditioner manufacturers in the world. As the Chinese domestic market continues to develop alongside India and Brazil, companies like Gree Electric with low manufacturing costs and international infrastructure are poised for even larger growth.
The next evolution of air conditioning:
When it comes to air conditioners, you want an energy-efficient system that helps you keep cool without raising the heat on your energy bills. The EVO is a high-efficiency ductless split system designed to run efficiently and powerfully. Compact and attractive, its contemporary good looks works well with all interior designs. Yet for all its power, the EVO comes with a wireless remote that’s intuitive and simple to use. So you not only cool down faster but efficiently as well. The EVO has a built-in intelligent I Feel Function that uses the remote to sense the temperature and adjusts air flow for maximum comfort and energy savings. Smart and beautiful, the EVO never fails to please.