Gree Listed on Fortune Most Innovative IoT Companies

Recently, the 2022 Fortune Most Innovative IoT Companies List was officially released, to find and praise the IoT integrated technology innovation cases that 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-innovated core 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 IoT terminals nationwide had reached 1.67 billion, marking that the number of terminals connecting things exceeded the number of terminals connecting people for the first time.

In the new era of digital economy, as a leading enterprise in manufacturing industry, Gree still adheres to the development of independently-innovated technology. It built an intelligent manufacturing demonstration factory in Changsha, which has realized collaborative management with Zhuhai headquarters in manufacturing, processing and other sectors through the Enterprise Resource Planning System (ERP) and the Product Life Management System (PLM). It also applied the self-developed automation equipment and workshop execution system, as well as the 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 Manufacturing Demonstration” award issued by the Ministry of Industry and Information Technology.

A leader in manufacturing, new driving force for IoT technology

In recent years, our country has been continuously promoting the innovation and upgrading of information technology to the traditional industry, and developing integrated innovation and engineering application of new generation information technology and manufacturing equipment by focusing on the key links of major manufacturing 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 trillion dollars by 2026, among which China's enterprise-level market is expected to reach 294 billion dollars, accounting for about 25.7% of the world and maintaining 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”, and cultivates the major fields of core technology. Gree has applied more than 100,000 patents at home and abroad, and got 35 world-leading technologies, making full use of the advantages of IoT, AI, big data and cloud technology in manufacturing, creating whole industry chain application solutions of intelligent manufacturing and providing the 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 new industrial revolution including digitalization, networking, and intelligence in the manufacturing industry, Gree has successively established the intelligent equipment company, the equipment and power institute, the big data center and other research institutions, supported the construction of Gree’s industrial networking with innovative technology and ensured the steady establishment of Gree’s intelligent green factory while further promoting the transformation and upgrading of traditional industries and contributed the power of “Chinese Manufacturing” to building a modern socialist country in all respects by intelligent IoT application cases.