Gree Electric Appliances, Inc. of Zhuhai (000651.SZ) has been approved by Chinese authority to construct a key national laboratory for air conditioning appliance and systematic operating energy conservation.
Key national laboratory is a crucial part constituting China's scientific and technological innovation system that research and create international, national and industrial criterion on the basis of application fundamentals and pre-competitive generality research.
A Gree official said the approval for constructing key national laboratory means the completion of a technological innovation platform covering the entire industry chain by Gree.
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