The Wall Street Journal reported today (May 23rd) that "Lenovo Group's Yang Yuanqing said that the additional tariffs imposed by the US on China in March caught Lenovo off guard, but the company is ready to face the next challenge."
Foreign media previously reported that Lenovo Chairman and CEO Yang Yuanqing said "Lenovo is not a Chinese company," but Lenovo officially clarified that when Mr. Yang made the remarks in an interview, he said "Lenovo is not just a Chinese company, but a global one."
In previous trade frictions, Lenovo built a "China+N" global manufacturing layout, established more than 30 own or cooperative manufacturing bases in 11 global markets, reduced tariff impacts through methods such as transferring production sites, adjusting parts sources, and optimizing supply chains. In terms of the R&D system, it has formed a global "R&D triangle" consisting of Beijing, Yamato, Japan, and Raleigh, USA, which has been expanded to 18 R&D bases globally. In talent management, among the nine core members of Lenovo's International Executive Committee (LEC), they come from six countries. The overall management team of LEC is 60% from overseas. According to the "Top 50 Overseas Brand Value List of Chinese Listed Companies in 2024", Lenovo Group ranked first again, with its overseas brand value reaching 219.785 billion yuan, and was evaluated as the most internationalized Chinese company.
Meanwhile, Lenovo continues to promote business diversification, with the proportion of non-PC business revenue increasing. Solution services, infrastructure and other businesses develop in coordination to enhance risk resistance capabilities; increase investment in R&D, explore the application of AI technology in products, such as AI PCs exceeding sales targets, enhancing product added value and competitiveness through technological innovation, and breaking away from pure cost competition.
Original source: https://www.toutiao.com/article/1832871186668612/
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