Original title: Gree Electric wants to compensate Oaks 167 million In the early years, Oaks did not pay less for Gree
Operator Finance Liu Qing/Text
Two civil judgments published not long ago showed that two cases of infringement of invention patents by Oaks Air-Conditioning against Gree Electric Appliances and other companies have ended. Gree Electric needs to compensate Oaks Air-Conditioning for a total of about 167 million yuan. Although it means a reversal, it is not a real reversal.
First of all, from 2015 to 2017, Gree Electric was sued for patent infringement up to 15 cases. In 2017, Oaks also compensated Gree 40 million yuan for repeated infringements of Gree’s patent rights for air-conditioning products. In January 2018, Oaks infringed Gree’s “evaporator” invention patent and lost money to Gree Electric. According to simple calculations based on publicly available information, Oaks has paid Gree nearly 100 million in compensation for infringement.
Secondly, in June 2019, Gree Electric publicly released the “Report Letter Regarding the Production and Sales of Substandard Air Conditioning Products by Aux Air Conditioning Co., Ltd.” on Weibo. Since then, you will come to me. Until April of the following year, Oaks Air-Conditioning was fined 100,000 yuan for false propaganda.
Although 100,000 yuan is not much, at the beginning of 2020, Oaks issued an announcement to remove Leng Ling, president of Oaks Household Company who was angry with Dong Mingzhu, and appointed him as JT Vice President (in charge of strategic investment, home appliance group) and digitalization. President of Brand Division.
More importantly, the patent for winning Gree Electric was not developed by Oaks itself. The air-conditioning compressor patent originally belonged to Toshiba, with the patent number CN00811303.3. In December 2018, Oaks purchased this item from Toshiba Carrier. The patent expired in 2020, and then in January 2019, Oaks initiated a lawsuit against Gree on the grounds of patent infringement.
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