Geely and Gree sign strategic framework agreement to drive manufacturing innovation

Geely Holding Group has recently signed a Strategic Cooperation Framework Agreement with Zhuhai Gree Electric, aligning with the industry's trajectory towards electrification, intelligence, and digitisation. By combining their respective technological and industrial strengths, the two entities will work in unison to drive high-quality development within the manufacturing sector.

Under the terms of the agreement, both parties will capitalise on the opportunities presented by the automotive industry's transformation. They will integrate Geely's extensive expertise in intelligent electric mobility and related service ecosystems with Gree's leading HVAC technology and capabilities in intelligent manufacturing, fostering deep cooperation across multiple domains.

The scope of the collaboration spans joint R&D of in-vehicle smart hardware, the development of intelligent manufacturing supply chains, logistics and warehousing services, the industrial internet, user ecosystem building, smart transportation, and the home appliance industry. The overarching goal is to deliver smarter, more comfortable, and environmentally sustainable living experiences for the public.

This strategic partnership signifies a significant deepening of the relationship between Geely and Gree. Beyond achieving complementary industrial synergies between the two giants, it represents a pivotal initiative for manufacturers to collaborate on innovation and ascend the global high-end value chain.