Gree Titanium New Energy

Gree Titanium New Energy Co., Ltd., formerly known as Yinlong New Energy, operates as a comprehensive group in the new energy sector. The company was founded in 2009 by Wei Yincang. A significant chapter in the company's history was its relationship with Gree Electric Appliances and its chairwoman, Dong Mingzhu. In 2016, Gree Electric's initial attempt to acquire Yinlong for 13 billion yuan was thwarted by shareholders. Undeterred, Dong Mingzhu personally invested, alongside other business leaders, acquiring a significant stake. Following legal issues involving the founder, who fled to the US in 2018, Gree Electric successfully acquired a controlling stake in the company through a judicial auction in August 2021 for 1.828 billion yuan. Subsequently, Yinlong was rebranded to Gree Titanium New Energy.

The company's business is centered on a closed-loop industrial chain for new energy, encompassing the research, development, production, and sales of core materials, batteries, electric vehicles, and energy storage systems. It focuses on lithium titanate (LTO) battery technology, which it touts for its safety, fast charging capabilities, wide temperature resistance, and long service life. The product portfolio includes electric commercial vehicles like buses, vans, and coaches, as well as battery management systems, and charging equipment. Its new energy vehicles are operational in over 220 cities across China. Beyond vehicles, Gree Titanium develops large-scale energy storage solutions for power grids and other industrial applications, leveraging its LTO battery technology. The company operates under two main brands, Guangtong Automobile and Aoti Energy Storage, with multiple industrial parks and research institutes.

Revenue is generated from the sale of its new energy vehicles, battery systems, and energy storage projects. The company serves a diverse client base, including public transportation authorities in numerous cities and industrial clients requiring energy storage solutions. Gree Titanium has also developed a hydrogen-titanium powertrain, combining LTO batteries with hydrogen fuel cells to enhance performance and durability in vehicles. This technology has been implemented in hydrogen fuel cell buses. Keywords: Gree Titanium New Energy, Yinlong New Energy, lithium titanate batteries, LTO battery, electric bus manufacturer, energy storage solutions, new energy vehicles, Dong Mingzhu, Guangtong Automobile, Aoti Energy Storage, electric commercial vehicles, powertrain technology, hydrogen-titanium powertrain, grid energy storage, battery technology, fast charging, EV battery, public transportation solutions, industrial energy storage, clean energy technology