GREE(SZ:000651) Di Yi Cai Jing·2026-01-20 04:50Core Viewpoint - Gree Electric Appliances is expanding its production of silicon carbide (SiC) chips, with plans to mass-produce chips for photovoltaic energy storage and logistics vehicles in addition to household appliances this year [3][4]. Group 1: Company Developments - Gree's silicon carbide chip factory began mass production of household appliance chips and will also produce chips for photovoltaic energy storage and logistics vehicles in 2023 [3]. - The company established an electronic components company in 2023, focusing on the design, wafer fabrication, and module packaging and testing of silicon carbide chips [4]. - Gree's silicon carbide chip factory has a planned annual production capacity of 240,000 six-inch silicon carbide wafers [4]. Group 2: Industry Context - The Chinese home appliance industry has significant potential for energy efficiency improvements, with new energy efficiency standards set to save approximately 13 billion kilowatt-hours if all refrigerators meet the upcoming standards [3]. - Gree's silicon carbide chips have already been installed in over 2 million air conditioning units, contributing to temperature reduction and energy efficiency improvements [4]. - The company aims to enhance collaboration with chip design firms and suppliers to address industry challenges such as low-price competition and reliance on imported equipment [4]. Group 3: Future Applications - Gree is exploring various applications for silicon carbide and gallium nitride semiconductors, including power adapters, LED display power supplies, and electric vehicle charging stations [5]. - The company is looking to expand into new markets such as low-altitude economy and super energy stations, which require innovative semiconductor solutions [5].