Gree Electric Appliances Inc of Zhuhai (Gree Electric) is a global industrial group with focus on the assembly and production of household air conditioners. The company diversified its operations into technology-based industries, covering household consumer goods and industrial equipment. Gree Electric's business portfolio includes the production of household air conditioners, industrial equipment, and technology-based consumer goods.

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Gree Electric has established a robust R&D framework that emphasizes independent research and development of core technologies. The company has built a multi-level and high-level R&D platform system, leveraging national-level scientific research platforms. This system is enterprise-oriented, market-driven, and integrates industry, academia, and research. The company has achieved significant technological advancements, including the development of world-leading technologies and innovative products such as compressors, motors, and heat pump systems. Gree Electric Appliances Inc of Zhuhai actively participates in standard formulation and has been recognized for its intellectual property achievements and industrial design innovations. The R&D units of Gree Electric include the air conditioner R&D center, which comprises 16 institutes, 152 research institutions, 1,411 laboratories, and 1 academician workstation. The company also has a National Engineering Technology Research Center, a State-level Industrial Design Center, a State Recognised Enterprise Technology Center, and a Robot Engineering Technology R&D Center. These units are responsible for driving the company's R&D activities, focusing on technological innovation, product development, and maintaining a leading position in the industry. Gree Electric has applied for 129,524 patents, including 70,884 invention patents, and has obtained 25,883 invention patent grants. The company actively participates in 153 domestic and international standardization organizations related to the home appliance industry. In FY2024, the company incurred expenses of CNY6,904.1 million on R&D, which as a percentage of revenue stood at 3.6%.