Table of Contents
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China's Leading Electronics Companies in 2024
1.1 Huawei Technologies Co., Ltd.
1.2 Xiaomi Corporation
1.3 Alibaba Group (Aliyun - Alibaba Cloud)
1.4 Tencent Holdings Ltd.
1.5 BYD Company Limited
1.6 Lenovo Group Ltd.
1.7 Oppo Mobile Telecommunications Corp., Ltd.
1.8 Vivo Communication Technology Co., Ltd.
1.9 DJI Innovations (Da-Jiang Innovations)
1.10 TCL Technology Group Corporation -
The Importance of PCB and PCBA Manufacturing in Modern Electronics
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Why Highleap Electronic is a Preferred Choice for PCB & PCBA Solutions
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Conclusion
China has become a global leader in Electronic Manufacturing Services (EMS), powered by efficient supply chains, skilled labor, and advanced production capabilities. Beyond basic PCB manufacturing, Chinese EMS providers offer a full spectrum of services, from initial PCB design to comprehensive PCBA (Printed Circuit Board Assembly) and final product assembly. This range of services makes China the ideal partner for companies seeking a streamlined, one-stop solution for their electronic product needs.
In this article, we explore the top 10 electronics companies in China, detailing their core products, financial strength, and impact on the industry. These companies are not only innovators in consumer electronics, telecommunications, and IoT but also set high standards for quality and performance, underscoring the importance of reliable PCB and PCBA services in their products. At Highleap Electronic, we follow the example set by these industry leaders, providing high-quality PCB manufacturing and assembly services that meet the rigorous demands of modern electronics. With our expertise in PCB design, prototyping, and mass production, we’re proud to support companies globally in bringing their innovations to life.
China’s Leading Electronics Companies in 2024
In 2024, China’s electronics industry continues to advance rapidly, with prominent companies leading the way in consumer electronics, telecommunications, IoT, and sustainable energy solutions. These companies are not only transforming domestic markets but also influencing global technology trends, creating a high demand for critical components such as PCBs and integrated circuits. At Highleap Electronic, we recognize the impact of these industry leaders in setting new standards for innovation, quality, and efficiency in electronic manufacturing. Here, we provide a comprehensive overview of the top 10 electronics companies in China, examining their core products, financial success, and significant contributions to the global electronics sector.
1. Huawei Technologies Co., Ltd.
Core Products: Huawei is a dominant force in telecommunications and consumer electronics, providing products like 5G base stations, fiber-optic networking equipment, smartphones, smartwatches, and a wide array of smart home devices. Huawei’s HiSilicon subsidiary designs and produces advanced semiconductor chips, particularly for mobile, 5G, and AI applications, making it a cornerstone of China’s tech ecosystem.
Financial Overview: Huawei’s revenue in 2024 was approximately RMB 900 billion, driven largely by its strong presence in telecommunications and cloud solutions. Its robust sales in consumer electronics, despite global challenges, highlight the company’s resilience and sustained market demand.
2. Xiaomi Corporation
Core Products: Xiaomi is renowned for its budget-friendly smartphones, IoT devices, and expansive smart home ecosystem, including Mi smart bands, televisions, laptops, and an array of interconnected home appliances. Xiaomi’s products are designed to integrate seamlessly via the Mi Home app, creating an accessible, interconnected smart home experience.
Financial Overview: Xiaomi’s revenue reached around RMB 450 billion in 2024, supported by steady smartphone sales and rapid expansion in IoT and smart home product lines. Xiaomi’s commitment to affordability and quality has made it a favorite in both domestic and international markets, especially in regions where affordable consumer electronics are in high demand.
3. Alibaba Group (Aliyun – Alibaba Cloud)
Core Products: In addition to its e-commerce empire, Alibaba is a leader in cloud computing and AI, primarily through Alibaba Cloud (Aliyun). Alibaba Cloud offers comprehensive cloud storage, AI-driven solutions, big data analytics, and IoT services for industries ranging from finance and logistics to healthcare.
Financial Overview: Alibaba Group’s total revenue in 2024 surpassed RMB 1 trillion, with Alibaba Cloud being a significant contributor. Demand for digital transformation solutions and enterprise-level cloud services drove Alibaba Cloud’s growth, as businesses increasingly adopt IoT and AI to enhance operational efficiency.
4. Tencent Holdings Ltd.
Core Products: Tencent dominates in social media, gaming, and digital entertainment with products like WeChat, QQ, and a large portfolio of online games. Tencent Cloud also provides a broad range of services, including IoT platforms, AI tools, and enterprise cloud solutions, making Tencent a comprehensive digital ecosystem provider.
Financial Overview: Tencent reported approximately RMB 900 billion in revenue for 2024. Revenue from its digital entertainment and rapidly expanding cloud and AI pisions has reinforced Tencent’s role as a significant player in the global tech industry, particularly in IoT-based smart device applications.
5. BYD Company Limited
Core Products: BYD is a global leader in electric vehicles (EVs), producing a perse range of EVs, from passenger cars to electric buses, as well as batteries, solar panels, and energy storage systems. The company’s lithium-ion batteries and energy solutions are widely used in EVs and renewable energy setups, supporting sustainable development.
Financial Overview: BYD’s revenue exceeded RMB 700 billion in 2024, fueled by strong demand for EVs and renewable energy solutions. BYD’s vertical integration strategy, where it manufactures its own batteries, has been a crucial advantage in the competitive EV market.
6. Lenovo Group Ltd.
Core Products: Lenovo is one of the world’s largest manufacturers of personal computers, producing a full range of laptops, desktops, tablets, and servers. Lenovo’s portfolio has expanded to include smart home devices, data center solutions, and cloud services, catering to both consumer and business markets.
Financial Overview: In 2024, Lenovo’s revenue was approximately RMB 450 billion, driven by its strong position in the global PC market and its expanding enterprise solutions. Lenovo’s presence in data centers and cloud infrastructure supports its clients’ digital transformation journeys, leveraging innovations in connected devices and smart home ecosystems.
7. Oppo Mobile Telecommunications Corp., Ltd.
Core Products: Oppo is well-regarded for its high-quality smartphones, as well as an array of consumer electronics such as smartwatches, earbuds, and smart TVs. Oppo’s focus on camera technology, sleek design, and premium features has allowed it to capture a broad audience both domestically and internationally.
Financial Overview: Oppo reported revenue of around RMB 300 billion in 2024. Strong sales in emerging markets and a commitment to high-quality imaging technology have allowed Oppo to maintain its competitive position, especially as it persifies into IoT and smart home devices.
8. Vivo Communication Technology Co., Ltd.
Core Products: Vivo is a major smartphone producer and also offers a range of smartwatches, wireless earbuds, and other consumer electronics. Vivo’s products emphasize high-quality audio and camera capabilities, attracting younger, tech-savvy consumers interested in multimedia features.
Financial Overview: Vivo’s revenue in 2024 was approximately RMB 320 billion, with significant contributions from smartphone and audio accessory sales. Vivo’s emphasis on imaging and sound quality, along with an expanding lineup of connected devices, has bolstered its appeal in the smart device market.
9. DJI Innovations (Da-Jiang Innovations)
Core Products: DJI is the global leader in drone technology, manufacturing drones for both consumer and commercial applications. Its range of products includes aerial drones and stabilizers widely used in fields like photography, agriculture, and public safety, demonstrating DJI’s reach beyond the consumer market.
Financial Overview: DJI’s revenue reached approximately RMB 120 billion in 2024. The company’s continuous innovation in drone hardware and software, coupled with its robust product lineup, has cemented its position as a leader in aerial imaging and unmanned systems.
10. TCL Technology Group Corporation
Core Products: TCL is a prominent consumer electronics brand specializing in smart TVs, air conditioners, refrigerators, and other home appliances. TCL is also involved in the development of advanced display technology, producing LCD and OLED screens that are integrated into a variety of devices.
Financial Overview: TCL’s revenue in 2024 was around RMB 400 billion, driven by strong sales in the global TV market and a growing range of smart home products. TCL’s commitment to display technology and household appliances has strengthened its role in consumer electronics.
The Importance of PCB and PCBA Manufacturing in Modern Electronics
PCBs (Printed Circuit Boards) and PCBA (Printed Circuit Board Assembly) are essential components in virtually all modern electronic products, acting as the structural and electrical foundation for various components like microprocessors, capacitors, and resistors. In devices such as smartphones, laptops, and smart home appliances, PCBs facilitate the flow of signals and power, enabling seamless functionality and connectivity.
In 2024, as demand for IoT devices, 5G-enabled electronics, and AI-driven technology increases, the need for reliable, high-quality PCB and PCBA manufacturing is more critical than ever. Highleap Electronic specializes in providing customized PCB solutions that support the complex circuitry required in today’s advanced electronics. From prototype development to mass production, Highleap ensures each PCB meets rigorous standards for performance, durability, and efficiency.
Why Highleap Electronic is a Preferred Choice for PCB & PCBA Solutions
Highleap Electronic is committed to delivering high-quality PCB and PCBA solutions for industries including consumer electronics, telecommunications, automotive, and industrial applications. By leveraging advanced manufacturing techniques and strict quality control processes, we ensure each PCB and assembly meets the exact specifications necessary for reliability and efficiency.
Our expertise spans PCB design, rapid prototyping, and full-scale production, enabling us to support clients through every stage of product development. With extensive experience in delivering custom PCBs that meet specific requirements for connected devices and smart electronics, Highleap is a trusted partner for companies aiming to stay competitive in the fast-paced electronics industry.
Conclusion
The top electronics companies in China illustrate the persity and innovation within the industry, from 5G networks and AI to electric vehicles and smart home ecosystems. For companies involved in electronics manufacturing, staying informed about these leaders provides valuable insights into trends, challenges, and opportunities in the global market.
As an established PCB and PCBA manufacturer, Highleap Electronic strives to align with the high standards set by these industry giants. Our focus on quality and precision in PCB production ensures that our clients receive dependable solutions tailored to their specific needs, allowing them to bring cutting-edge, reliable products to market.