On June 19, the 21st World Brand Summit, organized by the World Brand Lab, took place in Beijing. At the event, the 2024 list of China's 500 Most Valuable Brands was officially released, with Shanghai Electric ranking 47th with a brand value of RMB 215.628 billion. This represents a 25% year-on-year increase and marks the ninth consecutive year that Shanghai Electric has been in the top 50, continuing to lead the Chinese machinery manufacturing industry.
Focusing on the theme “Breakthroughs and Innovations: Mapping the Path for Digital Technology to Enhance Brand Value”, the 2024 World Brand Summit brought together academic experts and business leaders to explore how technology can enhance brand value. At the event, the World Brand Lab released the 2024 “China's 500 Most Valuable Brands” report, which is based on financial data, brand strength, and consumer behavior analysis. The annual report saw world-class brands such as State Grid, ICBC, Haier, CNPC, and China Life occupy the top five positions on the list.
Shanghai Electric remains committed to serving China’s national strategies, closely aligning with the country’s needs, and benchmarking against global leading technologies, industry-leading companies, and national exemplars. The company accelerates the cultivation of driving forces for green development, promoting industrial development and transformation through technological innovation. In the digital era, Shanghai Electric continues to build indispensable and irreplaceable new quality productive forces.
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