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CNBC AI News, August 6th – Gree Electric’s Chairwoman Dong Mingzhu recently weighed in on the state of the home appliance industry, characterizing the current competitive landscape not merely as intense, but as relentlessly “cutthroat.”
During an interview, when asked about the key to crafting superior products, Dong jokingly suggested a hands-on approach: “The best way, I think, is to bring all Gree appliances home and experience them yourself. Only then will you truly understand what constitutes an energy-efficient product, a comfortable product, and a health-conscious product.”
Dong emphasized the importance of genuine dedication in product creation. “You have to put your heart and soul into making good products, with genuine sincerity. Even with intense market pressure, you cannot deceive consumers with cheap prices, because if your products break down after just two days, you lose the respect of your customers.”
She further elaborated on the “cutthroat” nature of the appliance sector: “The home appliance industry is very competitive, because everyone isn’t pursueing technological breakthroughs. Instead, they simply cut corners by reducing quality and using price to deceive you. I believe that as long as we maintain our quality standards, consumers will recognize it.”
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