According to BrandZ ranking in 2024, Lenovo received 1,004 brand power scores during the survey period, securing its second place as the leading Chinese global consumer electronics brand builder. The company reported an annual revenue of over 57 billion U.S. dollars in the fiscal year 2023/24.
Brand strength of Lenovo Group in 2023 and 2024
(in BrandZ brand power scores*)
*To create the top Chinese global brand builders ranking list, a 4-step methodology was created:
1. Seven country markets with substantial future export potential were selected, and 14 product categories in which Chinese brands are active overseas were identified.
2. Initial 231 Chinese brands were selected and then filtered to include only those with relatively high awareness and consideration scores. This exercise yielded 150 Chinese brands. The Chinese brands met two eligibility criteria: each brand was originally created by a mainland China enterprise and each brand derives a portion of revenue from overseas business.
3. Three ingredients of Brand Power were calculated: Meaningful (meeting functional and emotional needs in relevant ways); Different (being distinctive or trend setting); and Salient (coming easily to mind in a buying situation). Brand Power is a BrandZ metric of brand equity, the predisposition of consumers to choose a particular brand.
4. The levels of awareness and consideration were leveraged to adjust for the impact that variations of category size and market competition have on the Brand
Power scores of the 150 Chinese brands.
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Sohu. (June 28, 2024). Brand strength of Lenovo Group in 2023 and 2024 (in BrandZ brand power scores*) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1378869/lenovo-brand-value-brandz/
Sohu. "Brand strength of Lenovo Group in 2023 and 2024 (in BrandZ brand power scores*)." Chart. June 28, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1378869/lenovo-brand-value-brandz/
Sohu. (2024). Brand strength of Lenovo Group in 2023 and 2024 (in BrandZ brand power scores*). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1378869/lenovo-brand-value-brandz/
Sohu. "Brand Strength of Lenovo Group in 2023 and 2024 (in Brandz Brand Power Scores*)." Statista, Statista Inc., 28 Jun 2024, https://www.statista.com/statistics/1378869/lenovo-brand-value-brandz/
Sohu, Brand strength of Lenovo Group in 2023 and 2024 (in BrandZ brand power scores*) Statista, https://www.statista.com/statistics/1378869/lenovo-brand-value-brandz/ (last visited December 22, 2024)
Brand strength of Lenovo Group in 2023 and 2024 (in BrandZ brand power scores*) [Graph], Sohu, June 28, 2024. [Online]. Available: https://www.statista.com/statistics/1378869/lenovo-brand-value-brandz/