World Brand Lab released the "China's 500 Most Valuable Brands of 2020" list with an analysis report at the World Brand Summit, which was held in Beijing on the 5th of August. Changchai Co., Ltd., an engine manufacturer located in Changzhou, is named on the list for the 17th time. Up to now, Changchai is the only company in the diesel engine industry and Changzhou region that has been listed in the "China's 500 Most Valuable Brands" for 17 consecutive years. Its brand value reached 9.767 billion yuan in 2020, a net increase of 1.288 billion yuan over last year, a 15.19% jump, ranked 417th on the list.
This is the 17th year that the World Brand Lab has compiled the report on Chinese brands. In 2004, the threshold was only 500 million RMB and the average value of the top 500 brands was 4.94 billion RMB. In 2020, 17 years later, the threshold has grown to 2.72 billion RMB, and the average value of the top 500 brands is as high as 49.38 billion RMB, which indicates an increase of 899.07%. Moreover, 53 Chinese brands' value surpassed 100 billion yuan this year.
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