Gree Electric Denies Air Conditioner Price Hikes; No "Aluminum for Copper" Plans

Deep News01-05

Gree Electric Appliances, Inc. Of Zhuhai issued a statement today clarifying its position on recent industry developments. The company confirmed it has received numerous inquiries from investors and media regarding reports that some manufacturers are planning air conditioner price increases and implementing "aluminum for copper" substitution plans.

Gree Electric further stated that, to meet the standards of its decade-long free repair service for home air conditioners, it currently has no related plans for "aluminum for copper" substitution. Should future research fully meet Gree's stringent quality and technical standards and be formally applied, the company commits to clearly labeling such products, thereby fully safeguarding consumers' right to know and their right to choose.

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