Views: 4 Author: Site Editor Publish Time: 2022-04-28 Origin: Site
With trade tensions between the United States and China at an all-time high, it is not surprising that the two countries are considering increasing import tariffs on some products. This would certainly have a negative impact on Chinese TV manufacturers. According to official statistics, China exported 80 million TVs last year, of which more than 23 million were shipped to the US. Among these TVs, Chinese brand TCL had a large share of exports to the US, while American brands had placed many orders with Chinese OEM companies.
Among the most famous TV brands in China, Qingtian Yoohon Technology Co., Ltd. is a popular one. It was established in 2012 and has served customers from many countries. Besides, RINA TECHNOLOGY CO. LTD., located in Shenzhen, Guangdong Province, specializes in manufacturing all types of smart TVs. Moreover, the company has a highly qualified management team, eldest technicians, and design team.
Another leading TV manufacturer in China is Sony, which is responsible for nearly 7% of the global market. Sony is a world leader in technological advancement and innovation. Their flagship product line is equipped with the X1 Extreme processor, which is capable of controlling 8 million self-illuminating pixels for an ultra-high-definition 4K HDR display. Furthermore, their TVs employ a technology called Acoustic Surface, which enables sound to be heard directly on the screen.
The Chinese government has also been actively supporting the growth of domestic companies. The Chinese government is now investing more than $260 billion in R&D, which is 2.65 percent of China's GDP. In addition to these two big Chinese companies, Panasonic has recently announced that it will outsource its TV production to TCL. Despite the shady business dealings, the Chinese government is powerless to act against foreign companies that have taken their technology from other countries.
Another well-known brand in China is Hisense, which is based in Qingdao, Shandong province. Its internet brand offers cheap premium products online, upending the strategy of many established TV manufacturers. While these companies continue to grow domestically, Chinese home appliance makers are increasingly pursuing global expansion. The Chinese company Skyworth recently acquired a German television manufacturer, Metz Werke GmbH & Co, for $8 million. The latter has also set up a joint production facility in Egypt.