Yinlong New Energy Co., Ltd. (hereinafter referred to as "Yinlong New Energy") has been committed to building a closed-loop new energy industry chain with lithium battery materials at its core, covering lithium batteries, electric vehicle powertrains, whole vehicle manufacturing, and smart grid energy storage systems since its industrial investment in 2009. The company has acquired the American A123 Systems, mastering the world's advanced production technology of lithium titanate materials, and has become a leader in the field of green energy solutions.
Yinlong New Energy's product line covers pure electric buses and power battery systems, and its bus products have been successfully operated in many cities in China, proving the stability and reliability of the products. The company's bus sales volume reached 7,278 units in 2018, ranking in the top three in the country. Yinlong New Energy buses are recognized by the market for their wide-temperature endurance, safety, service life, and fast charging technical advantages.
In 2021, Yinlong New Energy became a holding subsidiary of Gree Electric Appliances, and was renamed Gree Titanium New Energy Co., Ltd. Gree Electric Appliances holds 30.47% of its equity and controls a total of 47.93% of the voting rights. This move signifies the deepening of Gree Electric Appliances' layout in the new energy industry, and the technology and products of Yinlong New Energy have been further developed and applied.