On 12 December, the World Brand Lab released the 2024 World's 500 Most Influential Brands (21st edition) list in New York, U.S. Tongwei was on this list again, ranking 431st, up 8 spots from last year, due to its robust development strength and brand influence.

Tongwei ranked 431st on the list of the 2024 World's 500 Most Influential Brands

As a long-standing institute in the global brand industry, the highly recognized World Brand Lab is one of the world's three prominent brand value evaluation authorities. Its research results have provided an important basis for assessing the intangible assets of many enterprises. According to the three key indicators of brand influence, namely Market Share, Brand Loyalty and Global Leadership, the World Brand Lab comprehensively evaluated more than 8,000 well-known brands around the world, and finally launched the World's 500 Most Influential Brands. On the list of the 2024 World's 500 Most Influential Brands, brands from the U.S. are dominated, and the number of selected Chinese brands (50) surpassed that of selected Japanese brands (42), ranking third in the world.

The list of the 2024 World's 500 Most Influential Brands covers a total of 49 sectors, Among them, 33 brands in the food and beverage industry were on the list, ranking first; 32 brands of automobile and parts were on the list, ranking second; 29 brands in the energy sector were on the list, ranking third; 28 retail brands were on the list, ranking fourth; 25 brands in the internet sector were on the list, ranking fifth.

This year is the 21st year of the World Brand Lab's World Brand Report. Over the past 21 years, the number of selected Chinese brands has risen from 1 to more than 50, and Chinese enterprises have shown unprecedented determination in the process of globalization, expanding overseas markets and spreading their footprints all over the world. Chinese PV enterprises, represented by Tongwei, have been constantly promoting the development of China's PV industry, going through the stages of catching-up, advancement, surpassing, and independent research and development of key technologies. Now China has become the world's largest photovoltaic industry and accounted for more than 80% of the global market share. In doing so, China's PV industry has become one of the national name cards, which continuously enhances the influence of China's PV brand.

Tongwei's intelligent manufacturing production line of high-efficiency modules

As one of the witnesses and participants in the rise of Chinese brands, Tongwei has been committed to a "dual green" development path over the past 42 years and actively fulfilled its responsibilities as a renewable energy generation enterprise to promote global sustainable development. In doing so, Tongwei has been widely recognized by the community. In 2024, Tongwei strengthened brand leadership to cultivate and develop new quality productive forces and steadily promoted systematic, professional and characteristic brand building. Its brand value has reached a record high of RMB 230.559 billion, ranking first in the world's aquaculture and PV industries. This year, Tongwei once again earned a place on the prestigious Fortune Global 500 list, marking a historic achievement as the only company in the global PV industry to be included in the Fortune Global 500 for two consecutive years. This accomplishment underscores the remarkable strength of China's PV industry on the world stage.

Since the beginning of this year, Tongwei has won the honors of "China's 500 Most Valuable Brands", "Top 500 Asia Brands" and "China's Top 100 Energy Enterprises in Branding Building". Rejoining the World's 500 Most Influential Brands list not only shows the core competitiveness and robust development strength of Tongwei but also demonstrates the positive contributions of China's PV enterprises, represented by Tongwei, to promoting the green energy transition and the realization of the "carbon peaking and carbon neutrality" goals in China and the world. In the context of the global response to climate change, Tongwei will make continuous efforts to develop the PV new energy industry, as evidenced by enhancing technological research and innovation, tackling critical core technology challenges, actively cultivating new quality productive forces, and further strengthening China's PV industry's core competitive advantages, thus making greater contributions to promoting Chinese modernization and sustainable development for all.