Gree Electric Appliances of Zhuhai : Listed on Fortune Most Innovative IoT Companies

Recently, the 2022 Fortune Most Innovative IoT CompaniesList was officially released, to find and praisethe IoT integrated technology innovation casesthat connect people, machines and things together and create the biggest value. With key technology breakthroughs in artificial intelligence and equipment manufacturing integration, "Gree Changsha Intelligent Manufacturing Factory" entered another Fortune list, which shows that Gree's strategic development path of promoting the transformation and upgrading of intelligent manufacturing with independently-innovatedcore technologies has been recognized once again.

Internet of Everything, new prospect of intelligent manufacturing

The year 2022 is an important milestone of the IoT development in China. By the end of July 2022, the number of IoTterminals nationwide had reached 1.67 billion, marking that the number of terminals connectingthings exceeded the number of terminals connecting peoplefor the first time.

In the new era of digital economy, as a leading enterprise in manufacturing industry, Gree stilladheres to the development of independently-innovatedtechnology. It builtan intelligent manufacturing demonstration factoryin Changsha, which has realizedcollaborative management with Zhuhai headquarters in manufacturing, processingand other sectorsthroughtheEnterprise Resource PlanningSystem (ERP) andtheProduct Life Management System (PLM). It also applied theself-developed automationequipment and workshop execution system, as well asthe Supervisory Control and Data Acquisition System(SCADA), to form an intelligent decision-making platform, leading to 25% increase in production efficiency, 12% increase in energy utilization ratio and 19% reduction in production and operation cost. It has won the "Intelligent ManufacturingDemonstration"award issued by the Ministry of Industry and Information Technology.

A leader in manufacturing,new driving force for IoTtechnology

In recent years, our country has been continuously promoting theinnovation and upgrading of information technology to the traditional industry, and developingintegrated innovation and engineering application of new generation information technology and manufacturing equipment by focusing onthe key links of majormanufacturing fields. According to the latest forecast released by International Data Corporation (IDC), the global spending of IoT (enterprise-level) is expected to reach 1.1 trilliondollars by 2026, among which China's enterprise-level market is expected to reach 294 billiondollars, accounting for about 25.7% of the world andmaintaining the largest volume of IoT market in the world.

As a national enterprise having a strong sense of responsibility,Gree is responsible to himself for "Made in China, Loved by the World",andcultivates the major fieldsof core technology. Gree hasappliedmore than 100,000 patents at home and abroad, and got35 world-leading technologies, makingfull use of the advantagesofIoT, AI, big data and cloud technology inmanufacturing, creating whole industry chain application solutions of intelligent manufacturingandprovidingthe manufacturing industry with automatic green production solutions of cost reduction, consumption reduction, quality improvement and efficiency improvement.

Iot has profoundly changed the traditional industrial form and social lifestyle. In the newindustrial revolutionincluding digitalization, networking, and intelligence in the manufacturing industry, Greehassuccessively established the intelligent equipmentcompany, the equipment and power institute, the bigdata center and other research institutions, supported the constructionof Gree's industrialnetworkingwith innovative technology and ensured the steady establishment of Gree's intelligent green factory while further promotingthe transformation and upgrading of traditional industries and contributed the power of "Chinese Manufacturing"to building a modern socialist country in all respects by intelligentIoT application cases.