Gree aims to diversify for growth

Air conditioner maker broadens its product range to smartphones and new-energy vehicles

Gree Electric Appliances Inc, one of China's major air conditioner makers, has developed an ambitious plan to diversify its business to sustain its market growth in the near future, according to its president.

Dong Mingzhu, Gree's president, said the company's business will range from its backbone air conditioners and white goods to smartphones, new-energy vehicles and intelligent equipment.