However, the development paths of the two enterprises are completely different. Gree mainly relies on independent innovation, such as Miss Dong making cars, chips and so on some time ago. The United States, on the other hand, chose to be keen on huge overseas mergers and acquisitions.
Gree has always insisted on independent innovation. Since 2003, Gree's scientific research system has been improved day by day, the technical department has been expanded from one to several, and the first Song Research Institute has been established. Since Dong Mingzhu accepted the chairmanship on 20 12, Gree's R&D team has been accelerated, and its technical field has also expanded from home appliances, spanning new energy, communication technology, Internet of Things, equipment power and other fields.
However, beauty is not inaction. In 2003, the history of Midea's investment in automobiles was forgotten. At that time, home appliance companies such as Oaks and Chunlan invested in automobiles. However, Midea finally withdrew in 2009 and sold its Sanxiang Bus Factory to BYD, which qualified it to enter the bus industry. Later, with the help of the government's policy of supporting electric vehicles, BYD gradually became a leading enterprise in domestic batteries and new energy vehicles.
However, Midea's most regret should be its decision to acquire KUKA, Germany. Results In the investment agreement signed between 2065438 and June 2006, both parties stipulated the intellectual property rights and data restrictions of the investment agreement, with a term of 7.5 years. During the term of the investment agreement, the confidential data of KUKA partners and the supply chain will be protected, and Midea shall not transfer the relevant databases to other regions, and Midea and third-party institutions shall not access these data. In other words, after seven years, Midea can really get these confidential data. However, with the progress of the times, is innovation still a secret after seven years?
However, one thing is clear now. Under the tide of trade protectionism, it is impossible to buy another company like KUKA, and Midea seized the fleeting opportunity.
An unruly little jasper seems to be talking about Gree and beauty. They compete with each other and make progress, firmly occupying the leading position in China household appliances industry. As for the result, let time decide everything!