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The first Fortune 500 company in the global photovoltaic industry, decoding the strategic determination of Tongwei Group to cross the cycle

2024-08-09

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(Tongwei Group is once again listed in the Fortune Global 500)

The world today is facing major changes unseen in a century. Competition between countries, in the final analysis, is energy competition.

For a long time, the Fortune Global 500 list has been a barometer of the world economy, reflecting not only the rise and fall of enterprises, but also an important indicator of international competition and industry changes. On August 5, the 2024 Fortune Global 500 list was officially released, and the trend of switching from old to new energy sources became more and more obvious: the number of traditional energy companies in the top ten dropped from 5 last year to 3 this year, while Tongwei Group (a listed company under it)Tongwei Shares600438.SH)、CATLNew energy companies represented by (300750.SZ) are gradually gaining a foothold on the list.

The logic behind this is not difficult to understand. The global energy landscape is undergoing profound changes. It has become an international consensus to vigorously develop green energy and achieve the "dual carbon" goal. China's "new three" represented by electric vehicles, lithium batteries, and photovoltaic products have seized the opportunity of energy transformation to achieve "overtaking on the curve". China's new energy companies have naturally taken advantage of the trend to become the world's leading companies, and Tongwei Group is one of the representatives.

After being listed on the Fortune Global 500 list for the first time in 2023, Tongwei Group was listed again in 2024, ranking 467th. It is not only the first Sichuan manufacturing company to be listed in the Fortune Global 500, but also the only company in the global aquatic products and photovoltaic industries to be listed.