Strategic Cooperation Between Two Industry Leaders, TOSPO Lighting and NVC Lighting
TOSPO Lighting of the Hengdian Group and NVC Lighting held a signing ceremony on March 26 to officiate their agreement for strategic cooperation. Based on the principle of “mutual benefit, collaborative development,” the two companies will start an all encompassing strategic cooperation on product development, production, nationwide distribution and marketing.
Since its establishment in 1996, TOSPO Lighting has maintained its focus on general lighting while expanding into automotive lighting. It has now become a leader in China’s lighting industry. The company’s products include LED fixtures and bulbs, smart lighting and automotive lighting. TOSPO Lighting has accumulated rich experience in the areas of research and development, production, sales and services. It ranks among the top 10 in the industry in terms of overall strengths, and its export places in the top 3 consistently. TOSPO Lighting was ranked one of the “Top 500 Brands in Asia” in 2019 and one of “China’s 500 Most Valuable Brands” in 2020.
NVC Lighting is the most influential leader in the lighting industry in China. NVC Lighting is dedicated to providing highly efficient and energy saving lighting solutions for architectural buildings, transportation, urban landscape lighting, commercial and shopping centers, hotels, offices and residences. Their solutions create efficient and comfortable lighting environments. NVC Lighting had a brand value of 37.956 billion CNY in 2020 and has enjoyed its position as the industry leader for nine years in a row.
After more than twenty years of dedication, TOSPO Lighting has become the leader in lighting export in China. This strategic cooperation with NVC Lighting will bring TOSPO Lighting’s superior product line to more extensive application in China’s home market, and help to realize the tactical goal of “bringing international quality back to China.”
Lin Liangqi, CEO of NVC Lighting, stated that the strategic cooperation with TOSPO Lighting will grow progressively. This cooperation between two industry leaders will optimize resource distribution in the industry and lead to mutual benefits. Brand value has always been a scarce resource in the industry. As NVC Lighting works hand in hand with TOSPO Lighting to develop and expand China’s immense market, it will create greater synergy for both companies.