As July arrived, the heatwave in Europe persisted. Multiple air conditioning enterprises reported that the hot weather in Europe had driven up sales of air conditioners. Bai Rongyao, assistant to the president of Gree Electric Appliances (000651.SZ), said on July 2 that due to extreme weather, temperatures in Europe had been high recently, particularly in Spain, France, Italy, and Germany, with some cities experiencing maximum temperatures exceeding 40°C. As a result of the sudden increase in demand, the inventory of air conditioners among European customers had significantly decreased. Affected by European trade policies, he indicated that in the future, Gree would consider localized production and operations in Europe to enhance the influence of its self-owned brand. "Sales (of air conditioners in Europe) have indeed improved as the weather has gotten hotter," said the head of TCL's European air conditioning market. Relevant personnel from Haier Smart Home (600690.SH) also revealed that Haier's cumulative sales of air conditioners in Europe this year had increased by approximately 30% YoY, with strong performance in markets such as Italy's professional channels and Spain's retail channels.