Gree Electric Appliances Inc., founded in 1991 and headquartered in Zhuhai, Guangdong province, is the world's largest residential air conditioner manufacturer and a diversified home appliance conglomerate. The company's core business revolves around the design, manufacture, and sale of residential and commercial air conditioning systems, where it has maintained the global market share leadership position for over a decade. Beyond HVAC, Gree has diversified into smart home appliances, industrial robotics, precision machine tools, and renewable energy systems, including photovoltaic air conditioning technology that integrates solar power generation with cooling systems. The company's manufacturing empire spans multiple industrial parks across China and overseas production bases in Brazil and Pakistan. Gree has been listed on the Shenzhen Stock Exchange since 1996.

Gree's competitive advantage is built on its obsessive commitment to in-house core technology development, with the company holding over 100,000 patents and operating its own compressor, motor, and controller manufacturing divisions—vertical integration depth unmatched by any other air conditioner manufacturer globally. The company's rigorous quality control culture and its extended product warranty programs have created a premium brand perception in the Chinese market that supports above-average pricing and margins. In 2025, Gree published its ESG report detailing its green product strategy, including the expansion of its photovoltaic direct-drive air conditioning technology that enables off-grid cooling powered entirely by solar energy. The company has also invested heavily in refrigerant transition, phasing out high-global-warming-potential refrigerants across its product lines and developing next-generation low-carbon refrigerant systems aligned with the Kigali Amendment to the Montreal Protocol.

珠海格力电器股份有限公司成立于1991年，总部位于广东珠海，是全球最大的家用空调制造商和多元化家电企业集团。公司核心业务围绕家用和商用空调系统的设计、制造和销售，在这一领域已保持全球市场份额领先地位超过十年。在暖通空调之外，格力已多元化发展至智能家电、工业机器人、精密机床和可再生能源系统，包括将太阳能发电与制冷系统相结合的光伏空调技术。公司的制造帝国遍布中国多个工业园区以及巴西和巴基斯坦的海外生产基地。格力自1996年起在深圳证券交易所上市。

格力的竞争优势建立在对自主核心技术开发的执着追求之上，公司拥有超过10万项专利，并运营自有压缩机、电机和控制器制造部门——其垂直整合深度在全球空调制造商中无可匹敌。公司严格的质量控制文化和延长保修计划在中国市场创造了高端品牌形象，支撑了高于行业平均水平的定价和利润率。2025年，格力发布了ESG报告，详细阐述了其绿色产品战略，包括扩展光伏直驱空调技术，使完全由太阳能驱动的离网制冷成为可能。公司还在制冷剂转型方面大力投入，在各产品线中淘汰高全球变暖潜值的制冷剂，并开发符合《蒙特利尔议定书》基加利修正案的下一代低碳制冷剂系统。