# Gree Electric invests 15 billion yuan in smart manufacturing base in Luoyang

Gree Electric announced a 15 billion yuan investment to build the China Luoyang Independent Innovation Smart Manufacturing Industry Base in Luoyang, Henan province. The project will produce robots, smart machine tools, precision molds, and small home appliances, and is expected to create annual output value of over 30 billion yuan.

- Type: Investment
- Announced: 2017-09-15
- Where: Luoyang, Henan, China
- Value: $2.30B (15.0B CNY)
- Status: announced
- Products: robots, smart machine tools, precision molds, small home appliances
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Gree Electric Appliances](https://endata.com/companies/16114.md)

## Sources

- [jiadianxun.com](http://www.jiadianxun.com/article/672.html), 2017-09-18: "Through 3~5 years of development, form including robots, smart machine tools, precision molds, small home appliances in the national important influence 'independent research, independent equipment, independent integration, independent brand' China Luoyang Independent Innovation Smart Manufacturing "

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.