The Pace Of Globalization Of Chinese Enterprises Has Accelerated, And Overseas Market Expansion Has Achieved Remarkable Results

With the deepening development of global economic integration, more and more Chinese enterprises have begun to focus on overseas markets and actively seek new opportunities for global development. This trend is not only reflected in the strategic planning of enterprises, but also fully verified from the financial reports of many listed companies.

As a pioneer enterprise in the household appliance industry, Gree Electric Appliances' globalization pace is particularly noticeable. According to the financial report of Gree Electric in the first half of the year, Gree products have successfully entered the markets of more than 190 countries and regions in the world, and the proportion of self owned brands in total export sales is close to 70%. This data not only highlights Gree's brand influence in the global market, but also reflects its deep strength in overseas market expansion. During the reporting period, the total export revenue of Gree Electric reached 14.825 billion yuan, up 15.64% year on year, which undoubtedly injected a strong impetus into the company's globalization strategy.

Similarly, Yili Group is also actively developing overseas markets and deepening the localization layout to optimize the synergy of overseas bases. The financial report shows that Yili Group's overseas business income increased by 4% over the same period last year, and the organic growth rate of Southeast Asia business was as high as 7% (excluding exchange rate factors). This achievement not only reflects Yili's steady development in overseas markets, but also demonstrates its flexibility in responding to external challenges such as exchange rate fluctuations.

As an outstanding brand in the field of new energy vehicles, BYD's global layout is also accelerating. It was mentioned in the financial report that BYD, while consolidating and expanding the development advantages of the domestic market, grasped the development opportunities of the time window to accelerate the global layout of the passenger car business. By June 2024, BYD's new energy passenger vehicles had successfully entered 77 countries and regions, including Brazil, Germany, Japan, Thailand, etc. This achievement undoubtedly laid a solid foundation for BYD's position in the global new energy vehicle market.

As one of the pillar enterprises in China's automobile industry, SAIC Group has also made remarkable achievements in its overseas market expansion. In the first half of 2024, SAIC Group's retail sales in overseas markets will reach 548000 units, up 12.7% year on year. It is worth mentioning that SAIC Group has realized the "organic system" of the automobile industry chain, established three vehicle manufacturing bases and more than 2000 marketing service outlets overseas, and provided products and services to consumers in more than 100 countries and regions around the world. This move not only enhanced SAIC Group's brand influence in the global market, but also laid a solid foundation for its future global development.

In general, the pace of Chinese enterprises on the road of globalization is accelerating, and the overseas market expansion has achieved remarkable results. These enterprises have not only made outstanding achievements in the domestic market, but also demonstrated strong competitiveness and brand influence in overseas markets.