The World Brand Lab released last Wednesday (June 28th) its 2019 list of China’s 500 Most Valuable Brands, and for a consecutive 4th year, Hanergy’s brand value tops the new energy sector with current brand value reaching to RMB 131 billion (US$19 billion), up by 52 percent from RMB 62.9 billion (US$9.2 billion) in 2016.
Securing highest brand value in the new energy industry, the clean energy giant has taken a notch up by 3 positions this year compared to its 42nd rank last year. The World Brand Lab evaluates brand value on three dimensions: financial performance, customer impression, and brand awareness.
Speaking on the achievement, Zhang Bin, Hanergy's senior vice president said, “We’re overjoyed to make it to the list of China's 500 Most Valuable Brands for the fourth consecutive year. Gaining recognition from a credible industry body, World Brand Lab, we’re further charged up on our mission to fast track the development of a new era of energy and promote sustainable energy across all businesses worldwide.”
The World Brand Lab is chaired by Professor Robert A. Mundell, the father of the Euro and the Nobel laureate in economics. His consultation team members are from the world's top universities such as Harvard University, Yale University, and Oxford University.
Dr. Ravi Dhar of Yale University stated, "Brand development is a systematic process, in which technological innovation has a profound impact on the brand. Meanwhile China's strategic advanced technologies are improving and taking a lead in the world.”
World Brand Lab has tracked more than 20,000 major brands in 50 countries since 2003 and maintains a comprehensive global brand database.
As a world leader in thin-film solar technology, Hanergy independently develops a full range of products, including high-end equipment manufacturing, power generation green building or mobile energy products. So far, Hanergy has more than 10,200 patent applications worldwide, and is expected to exceed 20,000 patent applications this year.
Hanergy has established a development model covering the entire industrial chain, from the upstream core technology research and development, high-end equipment manufacturing, midstream thin film solar manufacturing, to the downstream products.
Thin-film solar industry has become a national strategic industry. Since 2015, the State Council, the National Development and Reform Commission, the Ministry of Industry and Information Technology of the PRC and other departments have issued 35 documents, to encourage and support thin-film solar technology and related applications.
According to a report published in early 2019 by global leading business consultancy Accenture, by 2020, the global thin film solar energy market size will reach RMB 114 trillion (US$16 trillion), while the Chinese market will exceed RMB 20 trillion (US$2.8 trillion).