HONG KONG SAR – Media OutReach Newswire - 7 November 2024 - In September 2024, the ESG+AI Dual-Drive: Leading a New Wave of Globalization — 2024 Special Report on the “New Global Expansion” of Chinese Enterprises was launched in Beijing, produced by Caixin Insights and China ESG30 Forum. At the report release event, Luxshare Precision, as an industry representative, was invited to participate in the roundtable discussion.

The report systematically analyzes the characteristics, challenges, and trends facing Chinese companies in the context of "new global expansion." It introduces the "ESG+AI" dual-engine model as a key strategy for overseas growth, offering valuable insights and guidance to help Chinese enterprises capitalize on the new wave of global opportunities and seamlessly integrate into the next phase of globalization.

Luxshare Precision, a key supplier for major tech giants like Apple, Amazon, Dell, and Lenovo, has been proactive in its global deployment, establishing overseas production bases that are beginning to yield significant results. The company's strategy involves respecting local cultures, adhering to local laws and regulations, and fostering strong relationships with local governments and non-governmental organizations. This approach has not only facilitated smooth operations but also contributed to local employment and economic prosperity.

The report highlights that ESG serves as the foundational anchor for companies venturing abroad, offering a competitive edge in market access while solidifying a sustainable value base beyond profit growth. Meanwhile, AI and digital technologies work as the backbone, boosting operational efficiency and enhancing supply chain resilience. Guided by long-term development goals, Luxshare Precision leverages technology to drive productivity while integrating ESG principles into its strategic planning, business growth, and daily operations. By addressing key ESG issues and fostering a continuous improvement cycle, the company is committed to sustainable development and delivering long-term value.

During the report release event, Lin Daofeng, Director of Luxshare Precision Sustainable Development Promotion Center, shared valuable insights on the company's practices. He highlighted the importance of building a comprehensive ESG management system and maintaining it in collaboration with supply chain partners to enhance the company's international image and market recognition.

Luxshare Precision integrates “ESG+AI” as a dual engine to drive its global expansion. Balancing high-quality production with responsible corporate practices not only enhances its international presence but also contributes to a more sustainable and equitable global economy.

Looking ahead, Luxshare Precision aims to continue its journey of sustainable development. The company has made substantial efforts to integrate ESG principles into its business model, ensuring its operations are environmentally sustainable and socially responsible and achieving long-term value realization and sustainable growth.