Dong Mingzhu once met an intern named Meng Yutong on a variety show. And after the end of this variety show, Meng Yutong did work inside Gree Company and became the secretary of Dong Mingzhu's side. Dong Mingzhu's bold words are to cultivate Meng Yutong into the next Dong Mingzhu, which shows that Meng Yutong is very important to Gree. Recently, many videos about Meng Yutong have also been played on the Internet, most of which are videos of performing programs at the company's annual meeting. However, the development of Gree in recent years has not been very smooth, last year after the internal equity adjustment of Gree company, the performance created is not so gratifying, Gree's latest financial report shows that the net profit value of the first three quarters has declined. And I heard that Dong Mingzhu recently judged it to be correct. She invested $4.8 billion to build a car, and the result was that sales exceeded that of "BYD"?
Dong Mingzhu is a very strong iron lady, enthusiastic about work, in 2016, Dong Mingzhu looked at the domestic region, invested 4.8 billion US dollars, the company into the pocket. After the merger, after nearly five years of tempering and beating, the company's achievements can be completely compared with BYD, which also shows the world that Dong Mingzhu's original choice was not wrong. The company is China's first manufacturing of new energy vehicles Yinlong company, initially Yinlong company did not have any internal problems, the operation is very stable, but then began to lack internal funds. Dong Mingzhu found that the domestic new energy battery market was very blank, and tried to use Gree to acquire Yinlong Company. As soon as this idea came out, it would immediately be blocked by other major shareholders of Gree Group, opposed, and believed that the ultimate production goal of Gree should be placed on home appliances. However, the stubborn Dong Mingzhu believes that if the company wants to develop in the long run, it must broaden its own production channels and cannot rely only on a single home appliance production line.
In the absence of gree company financial support, forced by the pressure of acquisition, Dong Mingzhu himself contributed nearly 2.6 billion yuan, and also brought two major shareholders, Wang Jianlin and Liu Qiangdong, to the acquisition of Yinlong Company, who jointly invested nearly 3 billion yuan. In this case, Dong Mingzhu held most of the shares of Yinlong Company. In recent years, the domestic economic trend has begun to change to new energy vehicles. Therefore, in August last year, Dong Mingzhu acquired part of the shares of Yinlong Company in the name of Gree Company. So far, Dong Mingzhu has spent nearly 4.8 billion yuan, which has been truly pocketed by Yinlong Company.
Lithium titanate batteries produced by Gree have many advantages. The main ones are very high safety, very long life, and the time required to fill up the battery is very short. Of course, there are indispensable flaws. The main flaw is that his duration is not very long. Even if it is said that the charging speed is very fast. However, although the number of kilometers that can be traveled on a single charge is relatively short, becoming the most fatal weakness of lithium titanate batteries, the battery is still in The first place in China's manufacturing industry. Defects in lithium titanate batteries also limit most future sales channels. This type of battery has a low energy density and is a product that has just passed the qualified line in the entire new energy battery, so it is not suitable for family cars in the new energy automobile industry. The battery required for new energy family cars has very high energy density requirements. Since the energy density means the endurance of its battery, the new energy family car must avoid multiple charges during the endurance.
In addition, the defect of lithium titanate battery has also become a characteristic of this battery, and its advantages are indeed too prominent, which is very suitable for use in new energy buses. Buses have fixed routes every day, and after a bus goes around the route, it will definitely return to the bus station. Buses must have their batteries full before their next departure. Based on these characteristics, lithium titanate batteries become the best choice. Lithium titanate battery, new energy bus can maximize their own power in a short period of time, to meet the energy required for the next drive, very high safety, hardy to high temperatures. Not only are there no seasonal restrictions, bus stops with very high safety requirements offer very good options. At present, the most used enterprise in the field of new energy buses is actually BYD, and after the listing of Glico new energy batteries, the status of BYD batteries has been threatened to a certain extent. Gree also has innovations in the battery structure, lithium titanate batteries are included in hydrogen fuel power, China's Civil Aviation Administration also announced that the electric bus under the name of Gree Titanium will be used as a special car, in addition, the construction of each base station will also use Gree titanium products.
Conclusion, Dong Mingzhu's early investment vision is very old, Gree Titanium has not yet reached a very good condition, but the growth momentum is very gratifying, the potential is huge. At present, the Gree Titanium team is working to solve the defects of the battery, and I believe that the road ahead will be very far.