China
China’s Cold Chain Logistics Market to Reach RMB 485 Billion
According to iiMedia’s data, the cold chain logistics market in China reached RMB 378 billion (US$ 57.6 billion) in 2019, and will reach RMB 485 billion (US$ 73.9 billion) in 2020. Currently,...
VRF Sales Value Grows by 16.5% in September 2020
According to ChinaIOL, the sales value of variable refrigerant flow (VRF) systems in China increased by 1.2% year on year during the period from January to September, 2020. In September alone, VRF sal...
Highly Focuses on Compressors for New Energy Vehicle Air Con
On November 6, Shanghai Highly announced that the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) in Shanghai approved its non-public offering of A-shares to raise approximately RMB 1.6 billion (US$ 243 million) to invest in projects. Of this new capital, RMB 500 million (US$ 76 million) will be used to increase the annual production of 650,000 units of co...
East China Boosts ATW Water Heater Sales in Real Estate Mark
According to All View Cloud (AVC) big data, during the period from January to August 2020, 579,000 units of air-to-water (ATW) heat pump water heaters were installed in China’s real estate equip...
China Becomes World’s Top Importer of Food in Refrigerated C
According to the latest statistics from Eskesen Advisory, impacted by the COVID-19 pandemic, China has invested a large amount of capital in order to ensure food supply, making it the world’s la...
HCFC-22 Alternative Technology Discussed
The 2020 China Household Electrical Appliances Technical Conference was held in Ningbo from October 29. It was hosted by the China Household Electrical Appliances Association (CHEAA). During the Confe...
Clean Heating Rate in Northern Areas Increases to 28%
According to the National Energy Administration of China, as of October 19, 2020, in rural areas across Northern China, 16. 43 million households have adopted Coal-to-Gas projects, 12.15 million households have adopted Coal-to-Electricity projects, and 4.69 million households have adopted recyclable energy heating. Accordingly, clean heating rates in these areas improved from 9% to 28%, with up to...
China’s RAC Export Volume Grows by 14.8% during Jan.–Sept. i
According to statistics from China Customs, in the third quarter of 2020, China’s exports of room air conditioners (RACs) reached 8.44 million units: 4.01 million units in July, 2.44 million uni...
Midea to Set up a Refrigerator Factory in Tatarstan, Russia
According to the Tatarstan Investment Development Agency, Midea Group plans to set up a factory in Tatarstan in the Russian Federation to produce refrigerators and freezers. The new factory will be bu...
Gree Helps a Singapore Enterprise to Increase Energy Savings
Gree won a retrofit project for the air conditioning systems at Hi-P International in Singapore with its permanent magnetic synchronous inverter screw chillers, capitalizing on the innovative design, ...
