China's Biggest Air-Conditioner Maker Buys Electric Car Company

  • Gree Electric to fund Zhuhai Yinlong purchase with share sale
  • Zhuhai Yinlong's lineup includes plug-in passenger cars, buses

Gree Electric Appliances Inc., China’s largest air-conditioner maker, is buying electric vehicle company Zhuhai Yinlong New Energy Co. to diversify its business outside of home appliances.

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