Tag Archives: German robotics

From Appliance Maker to Electric Bus Maker

GUANGZHOU —¬†Gree Electric Appliances of Zhuhai¬†will acquire Zhuhai Yinlong New Energy, a manufacturer of electric vehicles and lithium-ion batteries in a 13 billion yuan ($1.95 billion) stock swap. Announced on Friday, China’s largest air conditioner maker is betting on electric cars now that the era of rapid growth has ended for the appliance market. Yinlong, a startup formed in 2009

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