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TCLE (01070.HK) Achieves Nearly 15% YoY Growth in Global TV Shipment in 2024

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Global Shipment of TCL Mini LED TV Surges Almost 200% YoY

HONG KONG, Feb. 3, 2025 /PRNewswire/ — TCL Electronics Holdings Limited (“TCL Electronics” or the “Company”, 01070.HK) is pleased to announce its global shipment data of TCL TV for 2024. Benefiting from the successful implementation of the Company’s “TCL + Falcon” dual brand and “mid-to-high-end + large-screen” strategies, as well as continuous innovation of Mini LED display technology to reinforce its competitive edge, global shipment of TCL TV experienced a year-on-year (“YoY”) growth of 14.8% in 2024, reaching a new record high of 29 million sets. Among which, the global shipment of TCL TV increased by 19.3% YoY and 20.0% quarter-on-quarter (“QoQ”) respectively in the fourth quarter of 2024, demonstrating robust growth momentum.

“Mid-to-High-End + Large-Screen” Trend Continues, Mini LED TV Shipment Further Accelerates, Fully Embracing Intelligent AI

Throughout 2024, TCL Electronics continuously capitalised on the global market trends of larger screen sizes and premium features, maintaining double-digit growth in the shipment of large-screen TV. The global shipment of 65-inch and above TCL TV increased by 21.3% YoY, with its corresponding proportion rising by 1.4 percentage points to 26.0%. The global shipment of 75-inch and above TCL TV saw an even more impressive YoY increase of 39.8%, with its shipment proportion rising by 2.4 percentage points to 13.2%. The average screen size of global shipment of TCL TV increased by 1.3 inches YoY to 52.4 inches.

Simultaneously, TCL Electronics continued to invest in research and development of high-end display and AI intelligent technologies, further enhancing product competitiveness and introducing well-received mid-to-high-end display products. In 2024, the global shipment of TCL QLED TV increased by 69.5% YoY, while the global shipment of TCL Mini LED TV saw a remarkable 194.5% YoY growth.

At the Consumer Electronics Show (CES) 2025, TCL Electronics showcased its continuous breakthroughs in display technologies, introducing the X11K QD-Mini LED TV for the North American market, representing the “pinnacle of image quality”. This TV model utilises the world’s leading QD-Mini LED technology, featuring an impressive 14,000-level local dimming zones and a peak brightness of 6,500 nits. Combined with TCL’s All-domain Halo Control Technology, industry-leading self-developed lenses, high-efficiency light-emitting chips, ultra-close OD, backlight response algorithms, and a 7,000:1 ultra-high native contrast ratio screen, the X11K elevates Mini LED display to new heights within the industry. The TCL X11K TV also received the CES 2025 “Mini LED Display Technology Innovation Award”.

In addition, the Company unveiled the world’s first modular AI home companion robot, TCL Ai Me, at CES 2025. This AI robot features an adorable bionic appearance design with interchangeable outfits and a mobile space capsule base, tailored specifically for modern families. Ai Me possesses multimodal natural interaction capabilities, providing emotional companionship and personified interactions, while being capable of moving intelligently and automatically capturing beautiful family moments. Through continuous interaction with users, Ai Me is able to learn and adapt to family members’ behavioural habits, intelligently control home appliances, and enhance the convenience and comfort of daily life, providing a personalised interactive experience for each family member. This innovation was highly appreciated by the vast majority of exhibition visitors.

At the same time, the Company further deepened its cooperation with Google, integrating Google’s AI large-language model, Gemini, into its overseas flagship television series, significantly enhancing product functionality and user experience. Gemini’s powerful natural language processing capabilities enable more intelligent and smooth voice interactions when integrated with TVs. Moreover, Gemini can perform in-depth analysis and precise matching based on each family member’s unique viewing habits and interests, providing users with highly personalised program recommendations. The introduction of Gemini offers users a more intelligent and convenient product experience.

Shipment in International Market Maintains Leading Position, Mini LED Shipment in Domestic Market Exceeds Expectations

In 2024, amid major sporting events such as the European Cup and the Olympic Games, TCL Electronics, through precise marketing in the global market, achieved a YoY increase of 17.6% in TCL TV shipment in the international market. The shipment of large-screen TV in the international market also grew rapidly, with 65-inch and above TCL TV increasing by 32.4% YoY, and 75-inch and above TCL TV increasing significantly by 79.7%.

Regionally, benefiting from increased channel penetration, shipment of TCL-branded TV in the European market maintained rapid growth, with a YoY increase of 33.8% in 2024. The shipment of 75-inch and above TCL TV performed particularly well, with a significant YoY increase of 104.9%. Meanwhile, TCL TV ranked second in retail sales volume in France, Poland, and Sweden, and third in Spain, Greece, and the Czech Republic[1]. In North America, the Company effectively enhanced its brand competitiveness through localised brand communication, such as partnering with the National Football League (NFL), while actively adjusting channel and product structure. In 2024, shipment of TCL TV in North America increased by 6.4% YoY, among which 75-inch and above TCL TV increasing by 67.6% YoY, maintaining a top-two position in market share in terms of retail sales volume in the United States[2]. In emerging markets, shipment of TCL TV increased by 12.7% YoY in 2024, with an even higher YoY increase of 32.8% in the fourth quarter. The Company further deepened its presence in the Latin American market and expanded channels in the Middle East and Africa market, with shipment of TCL TV increasing by 17.6% and 39.6% YoY, respectively, in 2024. TCL TV maintained the industry’s top position in retail sales volume in Australia, the Philippines, Myanmar, and Pakistan, jumped to second in Brazil, and ranked third in Argentina, Vietnam, Thailand, and South Korea[1].

In the domestic market, the Company continued to promote its “TCL + Falcon” dual brand strategy. In 2024, TCL TV shipment in the PRC market increased by 5.8% YoY, with Falcon brand TV continuing to penetrate the youth market, achieving a YoY growth rate of 38.5% in shipment. TCL Electronics also successfully promoted the “mid-to-high-end + large screen” strategy in the PRC market. Benefiting from the stimulation of the national “trade-in” subsidy policy, the average screen size of TCL TV shipment in the PRC market reached 63.3 inches in 2024, representing an increase of 1.9 inches YoY. The shipment of 75-inch and above TCL TV increased by 23.1% YoY, with the proportion of shipment increasing by 5.3 percentage points to 37.7%. Moreover, in 2024, the shipment of TCL Mini LED TV in the PRC market increased by 264.7% YoY, with the cumulative shipment share of TCL Mini LED TV increasing by 10.9 percentage points YoY to 15.3%, and the shipment share of TCL Mini LED TV in the fourth quarter of 2024 significantly increasing to 24.4%. In 2024, the Company ranked first in retail sales volume of Mini LED TV in the PRC market[3].

Looking ahead, TCL Electronics will continue to execute its “Globalisation” and “Technological Transformation” strategies, adhering to the development strategy of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality”, and the concept of innovation-driven development. With comprehensive technological breakthroughs and user-friendly design, the Company will continuously promote the development trend of smart living, bringing more convenient, comfortable, and environmentally friendly living experiences to global users. By actively implementing the all-category layout of “Intelligent IoT Ecosystem”, the Company strives to become a leading smart device enterprise with global operations.

Shipment Data for the Year of 2024 (unaudited)

 Unit: Set

Large-sized display – Shipment of TCL TV

29,003,243

– Proportion of TCL TV of 65 inches and above by shipment

26.0 %

– Proportion of TCL TV of 75 inches and above by shipment

13.2 %

 

[1] Data Source: GfK, January to November, 2024.

[2] Data Source: Circana, January to November, 2024.

[3] Data Source: CMM omni-channel, January to December, 2024.

About TCL Electronics

TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) was listed on the mainboard of the Hong Kong Stock Exchange in November 1999. It is engaged in display business, innovative business and internet business. TCL Electronics actively transforms and innovates under the strategy of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality”. Focusing on the mid-to-high-end markets around the world, the Company strives to consolidate the “Intelligent IoT Ecosystem” strategy and is committed to providing users with an all-scenario smart and healthy life while developing into a world-leading smart technology company. TCL Electronics is part of the Shenzhen-Hong Kong Stock Connect program and is included in the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite MidCap & SmallCap Index and the Hang Seng Corporate Sustainability Benchmark Index. Besides, it has received Hang Seng Index’s ESG rating of A for consecutive years since 2018.

For more information, please visit the investor relations web page of TCL Electronics at   http://electronics.tcl.com or follow the WeChat Official Page of TCL Electronics investor relations.

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SOURCE TCL Electronics Holdings Limited

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KUKA Global Executives Visit Centron for Technical Exchange on Intelligent Assembly Manufacturing

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A KUKA global executive delegation, led by the Vice President of Midea Group, visited Centron for an on-site tour and in-depth exchange on the development of intelligent assembly manufacturing and global market trends.

WUXI, China, Sept. 1, 2026 /PRNewswire/ — Last week, a global executive delegation from the KUKA Group, led by the Vice President of Midea Group, visited Centron. The delegation comprised members of KUKA Group’s headquarters leadership team, together with business heads from multiple countries and regions.

As a leading global supplier of industrial robots and automation solutions, KUKA’s decision to visit with a delegation of this level reflects both sides’ shared interest in the development trends of intelligent assembly manufacturing. During the visit, the two sides held in-depth exchanges on industry developments, shifts in global markets, and potential areas of future synergy.

The delegation was hosted by Jed Wang, CEO of sister brand Leetx; Ouyang Su, General Manager of the Centron Product Line; Mike Wang, General Manager of the Centron Business Line; and Samuel Chen, Sales Director of Overseas Business. The KUKA executive team toured Centron’s manufacturing base and gained a first-hand understanding of Centron’s product portfolio and manufacturing capabilities in precision dispensing, potting, and trickling impregnation, and also received a briefing on Leetx’s positioning in intelligent assembly technologies, including tightening, press-fitting, and automatic screw feeding.

In the exchange session that followed, the two sides drew on their respective global business experience to share observations and exchange views on the pace of development in the Chinese market, evolving manufacturing needs overseas, the future direction of the intelligent assembly manufacturing industry, and the technology roadmaps of process equipment and robotic platforms.

Jed Wang, CEO of Leetx, commented: “We place great value on exchanges with globally leading automation companies such as KUKA. This visit by KUKA’s global executive team offered a valuable opportunity for both sides to deepen mutual understanding, share global market experience, and explore directions for potential future collaboration. As intelligent manufacturing continues to evolve, open dialogue and industry-wide synergy will open up new possibilities for innovation across the sector.”

This high-level visit also reflects a broader industry trend: the accelerating convergence of industrial robotics, precision dispensing, and intelligent assembly technologies. As vehicle electrification continues to advance, and as levels of automation continue to rise across vehicle assembly, power battery, and automotive component production, the coordination between robotic platforms and process equipment is becoming an increasingly important foundation for improving production quality, manufacturing efficiency, and process consistency. In light of this trend, Centron will continue to maintain open communication with partners across the value chain and to follow the emerging opportunities in intelligent assembly manufacturing with close attention.

About Centron
Centron is a high-tech enterprise that integrates R&D, manufacturing, sales, and customer service, dedicated to delivering advanced, reliable, and precise dispensing, potting, and trickling impregnation solutions for the automotive, e-mobility, energy storage battery, and industrial manufacturing sectors. Building on its continued investment in process automation and digital traceability, Centron supports its customers in achieving consistent quality performance and efficient operations at scale.
www.centronsys.com/en/

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ASTRI and Saudi Digital Government Authority Sign Strategic Partnership to Advance Digital Innovation and AI Development

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HONG KONG, Sept. 1, 2026 /PRNewswire/ — The Hong Kong Applied Science and Technology Research Institute (ASTRI) and the Digital Government Authority (DGA) of Saudi Arabia have signed a Memorandum of Understanding (MoU) at LEAP 2026 in Riyadh, establishing a strategic partnership to advance digital government innovation and artificial intelligence research.

Witnessed by Dr Abdullah Mohammed AlFaifi, Vice Governor of Investment and Government Excellence at the DGA, the MoU was signed by Ir Dr Ted Suen, Chief Executive Officer of ASTRI, and Abdulmalik Alhoti, Deputy CEO of Innovation & Emerging Technologies Centre and Senior General Manager of Digital Innovation at the DGA.

The partnership establishes four core areas of collaboration: knowledge exchange through joint technical workshops on AI and emerging technologies; talent development via researcher secondment, PhD exchange and internship programmes; joint research opportunities in AI, digital government, and emerging technologies; and proof-of-concept validation through DGA’s sandbox environment.

Ir Dr Ted Suen, Chief Executive Officer of ASTRI, said: “This MoU represents a milestone for ASTRI’s expansion into the Middle East market, and underscores the strong synergies between Hong Kong SAR’s world-class applied research capabilities and Saudi Arabia’s visionary digital transformation agenda. Through knowledge exchange, talent development, joint research and proof-of-concept validation, we look forward to contributing to Saudi Vision 2030 while strengthening Hong Kong SAR’s position as a leading international innovation and technology hub.”

Abdulmohsen A. Almadi, Chief Executive Officer of Innovation and Emerging Technology at the DGA, said: “Our partnership with ASTRI represents an important step in shaping the future of digital government by advancing innovation and strengthening collaboration in emerging technologies, building on Saudi Arabia’s leading global position in this field. By combining expertise in applied research, talent development, and experimentation, this collaboration will support the development of innovative solutions, strengthen capabilities, and accelerate the practical application of emerging technologies.”

The MoU follows ASTRI’s participation at the inaugural LEAP EAST in Hong Kong SAR, and marks a further step in the institute’s Middle East market expansion. Ir Dr Ted Suen led an ASTRI Business Mission to Saudi Arabia from 30 August to 2 September 2026, engaging with key government agencies, large corporations and technology companies.

Photos Download: https://bit.ly/45C67ly

 

About ASTRI

Founded in 2000 by the HKSAR Government, Hong Kong Applied Science and Technology Research Institute (ASTRI) is the city’s largest government-funded R&D centre. Committed to transforming high-impact research into practical innovations, ASTRI drives market-driven, interdisciplinary advancements across sectors, including Smart City, FinTech, Digital Health and Life Sciences, New Industrialisation and Intelligent Manufacturing, Application-Specific Integrated Circuits (ASIC) and Advanced Electronics, New Energy and Energy Storage, and Green and ESG Technologies. Following its merger with the Nano and Advanced Materials Institute, ASTRI has further strengthened its capabilities, with over 1,500 patents and 2,200 successful cases of technology transfer. Recognised with numerous international awards, ASTRI continues to nurture top I&T talent and foster collaborations among the I&T ecosystem, contributing to Hong Kong’s high-value economic development. For more information, please visit: https://www.astri.org.

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SOURCE Hong Kong Applied Science and Technology Research Institute (ASTRI)

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Hexaware Becomes Official Partner of Dublin Guardians Playing in the Inaugural European T20 Premier League Season

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Sponsorship extends Hexaware’s association with franchise cricket to Europe

MUMBAI, India, Sept. 1, 2026 /PRNewswire/ — Hexaware Technologies (NSE: HEXT), an AI-first digital and IT services company, today announced its sponsorship of Dublin Guardians as an Official Partner for the team in the inaugural season of the European T20 Premier League (ETPL).

The sponsorship comes as franchise cricket establishes a new foothold in Europe, where Hexaware has operations and continues to build local teams and capabilities across the region. The first ICC-sanctioned ETPL in mainland Europe opened on August 26 with six city-based teams from Ireland, Scotland, and the Netherlands. The league also gives European players more opportunities to compete at a professional level alongside established international cricketers.

Dublin Guardians represents the Irish capital in the competition. Rahul Dravid, former India captain and coach of the 2024 T20 World Cup-winning side, is among the franchise owners. The team is captained and mentored by Ravichandran Ashwin, India’s second-highest wicket-taker in Test cricket.

“The opportunity to support local talent is an important part of what appealed to us,” said Parameshwaran Iyer, Executive Vice President, Head – UK and Europe, Hexaware. “The ETPL can give more players across Europe the chance to compete at a higher level and help strengthen the game from the grassroots up. We’re pleased to support Dublin Guardians as part of that effort.”

“I’m delighted to welcome Hexaware as a partner of the Dublin Guardians for our inaugural season. It’s exciting to have organisations like Hexaware that share our belief in teamwork, ambition, and excellence alongside us as we begin this journey,” said Rahul Dravid, Chairman, Dublin Guardians.

“Hexaware is a strong addition to the Dublin Guardians journey. Its focus on building local capability in the markets where it operates connects well with what we’re trying to do here,” said Ajit Ravindran, CEO, Dublin Guardians. “For us, that means creating more opportunities for local players to develop and compete at a higher level.”

The sponsorship follows Hexaware’s association with the San Francisco Unicorns in Major League Cricket in the United States, which marked the company’s first association with franchise cricket.

The ETPL is being organized with Cricket Ireland, Cricket Scotland, and the Royal Dutch Cricket Association. The first season runs until September 20, 2026. The tournament began in the Netherlands and moves to Malahide in Dublin on September 9.

For more information, click here: https://www.etplofficial.com/teams/dg

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at https://hexaware.com.

 

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