Despite rising industry competition and volatile import-export trade in recent years, ICECO has achieved steady annual growth of 30-40%, emerging as a global "phenomenon" in the vehicle-mounted refrigerator sector.
Since its establishment in Zhongshan's Torch High-Tech Zone in 2005, ICECO has specialized exclusively in car refrigerators, channeling nearly 5% of annual revenue into research and development. This 20-year cumulative tech investment forms a robust "moat" against market risks.
From initially single-category outdoor refrigerators to today's specialized products covering diverse scenarios like new energy vehicle (NEV) pre-installation and outdoor camping, ICECO's R&D technology consistently keeps pace with rapidly evolving market demands.
Currently, ICECO serves over 40 domestic and international NEV manufacturers as a tier-1 supplier, with over 70% of its business deeply integrated into the NEV supply chain, transcending traditional small appliance constraints.
"Annual production is expected to reach 3 million units by 2026," said chairman Shi Jiejun, adding that ICECO now leads China's pre-installed NEV refrigerator market.
Overseas markets account for 30% of output, with ICECO dominating high-end vehicle-mounted refrigerator segments in the US, Japan, and Europe. Notably, its products command top prices on Amazon while maintaining sales leadership.
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