China
Giwee Company Focuses on Home Decoration Market
On August 7, 2022 Giwee Company core dealer communication conference was held, and was attended by more than 100 Giwee Company core dealers. At the conference, the company emphasized its ability to fu...
Unitary AC Market Drops by Nearly 3% in the First Half of 20
Unitary air conditioners are proportionally the second largest percentage of sales in China’s commercial air conditioner (CAC) market, and have seen a year-on-year decrease in market volume. According to Aircon.com, the market volume of unitary air conditioners decreased by nearly 3% year on year in the first half of 2022. Both domestic and foreign brands have actively implemented upgrade...
Panasonic Launches Low-temperature Applied Scroll Compressor
Responding to the national ‘Double Carbon’ targets, Panasonic Appliances Compressor (Dalian) has launched a new environmentally friendly scroll compressor to be applied mainly in the freez...
Sanhua Net Profit Rises by 22.8% YoY in the 1st Half of 2022
According to ChinaIOL, Sanhua Intelligent Controls’ 2022 half year report on August 12 stated that the company achieved revenues of RMB 10.16 billion (about US$ 1.48 billion) in the first half of 2022, an increase of 32.39% year on year. Its profits came to RMB 1.238 billion (about US$ 180.8 million), rising by 22.82% year on year. Further analysis shows that the refrigeration and air condit...
Home Appliances Exports Fall by 4.6% Year on Year in July
According the General Administration of Customs statistics released on August 7, China saw its total import and export value reach RMB 3.81 trillion (about US$ 556.24 billion) in July, growing by 16.6% year on year. Of this, the export value came to RMB 2.25 trillion (about US$ 328.49 billion), growing by 23.9% year on year; the import value came to RMB 1.56 trillion (about US$ 227.75 billion), in...
2022 National Home Appliances Consumption Season Campaign
From August to October, the Ministry of Commerce is organizing ‘2022 National Home Appliances Consumption Season’ campaign themed ‘Embracing Green and Intelligence, Enjoying a Beautiful Life’. The Campaign launch ceremony was held in the Shangcheng District, in Hangzhou on August 8, and was co-hosted by the Ministry of Commerce and Zhejiang Province. At the ceremony a repor...
Invotech Plans to Expand Scroll Compressor Production Capaci
On August 9, Suzhou Invotech Scroll Technology replied to the Suggestion Implementation Letter of Audit Center, Shenzhen Stock Exchange. According to its prospectus, Invotech’s key product is a scroll compressor, which is mainly applied in heat pumps, commercial air conditioners (CACs), freezers and refrigeration units. This initial public offering (IPO) will raise its scroll compressor prod...
Gree Jointly Invests in Building Energy Internet Innovation
Gree teamed up five enterprises including CRRC Zhuzhou Locomotive, and Gree Altairnano New Energy, to jointly invest in building the Guochuang Energy Internet Innovation Center (Guangdong), which is a...
132nd Canton Fair | Gree Choice, Green Life
2022-10-15 As affected by the pandemic, the 132nd Session of China Import and Export Fair (“Canton Fair”) kicked off online at its official platform on 15th October, 2022. Under th...
Sanhua: Germany 2022 Chilventa Exhibition Express
2022-10-12 Here comes the 1st Chillventa show since Covid, as the largest HVAC&R exhibition in Europe, Sanhua put strongest team we ever had in our history to support the perfect experience on ...
