On December 20, Gree Electric announced that it intends to transfer 27,072 shares of Gree Titanium New Energy held by 12 counterparties320,000 shares (2454%). After the completion of this transaction, Gree Electric will directly hold 60,692060,000 shares, accounting for 5501%, and a total of 7247% of the voting rights.
Recently, Gree Electric has actively conveyed confidence to the market. The first is to spend 3 billion yuan to repurchase the company's shares, and the second is to increase the equity of its holding subsidiary, Gree Titanium New Energy, which fully demonstrates Gree Electric's confidence and determination in the development of China's economy and new energy industry. Looking forward to the future, in the context of Gree Titanium's losses narrowing sharply in the first half of this year, this increase in Gree Titanium is an important measure for Gree to deepen the layout of the new energy market, which will better release the synergy space between Gree and Gree Titanium.
On the one hand, Gree can empower Gree Titanium in multiple dimensions in the fields of corporate governance, market expansion, R&D collaboration, and chain management, so as to improve its capacity utilization rate and product competitiveness, on the other hand, Gree can also use Gree Titanium's nano-scale lithium titanate technology and existing lithium battery production capacity to promote Gree titanium energy storage products in Gree energy storage-related electrical products, The application of new energy and other sectors will comprehensively accelerate the development of existing diversified businesses, and increase the market share of Gree's products in the core automotive parts industry such as motors and controllers through Gree Titanium. With this increase in Gree Titanium's shares, Gree Electric will be able to further integrate the resources of the new energy vehicle industry chain and enhance its position and influence in the industrial chain.
The lithium titanate battery series products developed by Gree Titanium have the characteristics of high safety, large rate, fast charging and discharging, wide temperature resistance, long life, etc., and have broad market prospects in special environments, special fields and special models, mainly in high temperature, high cold, high altitude and other harsh working conditions and application scenarios with high safety requirements. In addition, lithium titanate batteries can cover full energy storage application scenarios, and are widely used in energy storage fields such as new energy vehicles, industrial and commercial parks, communication base stations, power grid frequency modulation, rail transit, ship shore power, family residences, and military scientific research.
Based on China, Gree Titanium new energy bus has been put into use in Lhasa, Harbin, Hohhot and other alpine areas, Gree titanium energy storage system has successfully landed in Qinghai Province Golmud City gas station optical storage project, providing a strong guarantee for the safe use of electricity in high-altitude and ultra-low temperature areasGree Titanium New Energy's 18-meter Dolphin Bus, which won the China Design Gold Award, operates on Beijing Dayi RoadGree Titanium New Energy Facebook Road Vehicle and Dolphin Bus, which have both national culture and innovative technology, have become the designated special vehicles for the 2023 Chengdu Universiade, as an important force in the practice of "Green Universiade" traffic supportIn November this year, Gree Titanium's new energy minibus "Moonca" was officially unveiled in Hong Kong, with a high-efficiency lithium titanate battery that can be quickly charged to meet the needs of 15 minutes of fast charging, and can achieve an efficiency ratio of 1:1 like fuel vehicles, fully adapting to the fast pace of urban life in Hong Kong.
Looking overseas, Gree batteries have the performance advantage of fully charging and discharging in the ultra-wide temperature range of -50 60, effectively coping with high temperature and cold weather in the Middle East, Europe and other regions, and are very competitive in overseas markets. In the Middle East, Gree Titanium provides fast-charging lithium titanate powered buses for many countries, taking Abu Dhabi, the capital of the United Arab Emirates, as an example, as the first fast-charging lithium titanate power battery (LTO) environmentally friendly bus launched in the Middle East, Gree Titanium new energy pure electric buses bring safe, efficient, green and environmental protection to Abu Dhabi's public transportation systemIn some parts of Europe, Gree titanium has been put into use in the fields of buses, large machinery and equipment, heavy truck equipment, automation equipment, etc., taking the Finnish port terminal as an example, the port equipment such as container straddle carriers and A** container automatic guided vehicles loaded with Gree lithium titanate batteries are constantly working to improve the transportation efficiency of the port.
Gree Titanium is one of the few comprehensive new energy industry groups in China that has formed a closed cycle industrial chain from lithium battery materials, lithium batteries, module pack powertrains, new energy vehicles, energy storage system equipment to power battery cascade utilization. At the same time, it has industry-leading lithium titanate batteries, the world's top lithium titanate actual battery production capacity and the domestic top lithium iron phosphate actual battery production capacity. According to the evaluation results of the 23rd China Patent Award organized by the State Intellectual Property Office, the invention patent of "a lithium titanate composite material and its preparation method, negative electrode piece and lithium-ion battery" of Gree Titanium New Energy was selected into the list of China Patent Gold Award and won the "first gold" of invention patents in the lithium battery industry.
Deepening the management and control of Gree Titanium by increasing its holdings and promoting Gree Electric Appliances and Gree Titanium in business collaboration is a necessary condition for Gree Electric to further integrate the resources of the new energy vehicle industry chain, and is of great significance to enhance its position and influence in the industrial chain. At the same time, it also brings positive impetus to the development of Gree's entire industry chain, including motors, electronic control, and DunAn's thermal management business.
Dong Mingzhu, chairman and president of Gree Electric Appliances, said at the "China Corner" meeting of the 28th United Nations Climate Conference: "Every enterprise should become a healthy cell on the earth in the process of development, jointly care for the earth, and work together for green development, so as to make the world a better place in action." With the support of the "double carbon" policy and the market, China's new energy industry will further enhance its international competitiveness, and Gree will further increase its holdings in Gree Titanium based on its confidence in the future new energy market. (Dust).