GREE(SZ:000651) Di Yi Cai Jing·2026-01-20 06:20Core Viewpoint - Gree Electric Appliances is expanding its production of silicon carbide (SiC) chips for various applications, including household appliances, photovoltaic energy storage, and logistics vehicles, aiming to enhance energy efficiency and reduce energy consumption in the Chinese market [4][5]. Group 1: Company Developments - Gree Electric has established a silicon carbide chip factory, which will begin mass production of chips for photovoltaic storage and logistics vehicles in 2023 [4]. - The company has a planned annual production capacity of 240,000 six-inch silicon carbide wafers by the end of 2023, with cumulative sales of over 300 million chips expected by 2025 [5]. - Gree's silicon carbide chips have already been installed in over 2 million air conditioning units, contributing to temperature reduction and energy efficiency improvements [5]. Group 2: Industry Context - The Chinese home appliance industry has significant potential for energy efficiency improvements, with new energy efficiency standards expected to save approximately 13 billion kilowatt-hours if fully implemented by 2026 [4]. - Gree's silicon carbide technology is positioned to meet the increasing energy efficiency demands in the industry, particularly in comparison to Japan's leading energy efficiency standards [4]. Group 3: Challenges and Opportunities - Gree faces challenges such as low-price competition in the industry, customer price sensitivity during chip promotion, and reliance on imported components for some machinery [5]. - The company aims to strengthen external collaborations to assist more chip design firms and address industry bottlenecks [5].