Chinese air-con maker Gree enters EV space with $2b buyout of Yinlong

Chinese air-con maker Gree enters EV space with $2b buyout of Yinlong

Gree Electric Appliances Inc., China’s largest air-conditioner maker, is diving into the fast-growing electric vehicle market with its 13 billion yuan ($2 billion) acquisition of Zhuhai Yinlong New Energy Co.

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