Yinlong New Energy Storage Industry

Who is Yinlong energy?

They are ideally suited to meet all your city, highways, and rural transportation requirements. Yinlong Energy International Pte Ltd, is the international office of Gree Altairnano New Energy (previously know as Yinlong Energy China Ltd). We provide Energy Storage Systems, LTO Batteries, Commercial Electric Vehicles, and Electric chargers.

Will Yinlong energy buy Gree Electric Appliances?

(Yicai Global) Aug. 31 -- Gree Electric Appliances has successfully bid for a majority stake in energy storage device manufacturer Yinlong Energy, after a failed takeover attempt in 2016, as the Chinese home appliance giant looks to diversity its product portfolio.

How much did GREE pay for Yinlong?

Gree has paid CNY1.83 billion (USD282.9 million) for 30.47 percent equity in Yinlong, which also makes electric buses, electric vehicle charging devices and other energy storage systems, the Zhuhai, southern Guangdong province-based firm said today.

How long do Yinlong LTO batteries last?

The fast-charging Yinlong LTO battery cells can operate under extreme temperature conditions safely. These Lithium-Titanate-Oxide batteries have an operational life-span of up to 30 years thereby making it a very cost-effective energy solution.

Will Yinlong technology boost GREE's market share?

The application of Yinlong technology in Gree’s car products which will also help boost market share, it added. The shares were put up for sale by a local court as Yinlong’s ex-chairman Wei Yincang is wanted by police for allegedly embezzling CNY1 billion (USD154.8 million) of corporate funds.

How much did Yinlong lose last year?

Yinlong racked up losses of CNY682 million (USD105.5 million) last year on revenue of CNY4.3 billion (USD669.3 million), it said earlier. The firm’s sales of electric buses ranked fourth in the country in the first seven months. Gree’s share price [SHE:000651] closed up 0.24 percent at CNY41.10 (USD6.40) today.