Sunwoda

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Sunwoda Electronic Co., Ltd. is a Chinese technology company that specializes in the research and manufacture of lithium-ion battery modules. [1] [2] It is based in Shenzhen, China. It is one of the largest EV battery suppliers of China. [3] [4]

Contents

History

Sunwoda Electronic was founded in 1997 by Wang Mingwang and Wang Wei. [5] [6]

In 2008, Sunwoda expanded into the EV battery business. [7]

In 2011, Sunwoda went public and was listed on the ChiNext exchange in Shenzhen. [8]

Since 2022, Sunwoda has been listed in Benchmark's Tier 1 of Automotive-grade Battery Producers. [9]

In August 2023, Sunwoda announced that it was constructing an EV battery plant in Nyiregyhaza, northeast Hungary. [10] [11] [12]

Operations

Sunwoda is headquartered in Shenzhen and operates production bases in China, Hungary, India, Morocco, and Vietnam. [8] [13]

Products

Sunwoda produces lithium-ion batteries for mobile phones, laptops, and power tools. [5] [2] Sunwoda's EV battery unit supplies products to automakers such as Dongfeng Motor Group, Geely, Volkswagen, Volvo Cars, and Li Auto. [7] [14] [15]

Sunwoda Electric Vehicle Battery

Sunwoda Electronic Co., Ltd launched the battery business in 2008. [7] [16]

In 2020, Sunwoda received regulatory approval for convertible bond issue. [17] In 2022, Sunwoda's EV battery unit received a $1.17 billion Series A investment from Shenzhen Capital Group and National Green Development Fund Management. [18] In November 2022, Sunwoda Electronic raised $440 million through a global depository receipt sale and was listed on the Swiss Stock Exchange. [7] [13]

Recognition

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References

  1. ↑ "Sunwoda to make solid batteries cheaper". China Daily .
  2. 1 2 "Sunwoda profile" . Bloomberg .
  3. ↑ "6 Chinese companies rank among world's top 10 battery suppliers for EVs, plug-in hybrids, hybrids in 2022" . Automotive News .
  4. ↑ "Sunwoda, China's sixth-largest EV battery maker, a step closer to IPO" . South China Morning Post . October 19, 2023.
  5. 1 2 "Sunwoda Electronic | Company Overview & News". Forbes .
  6. ↑ "Wang Mingwang". Forbes .
  7. 1 2 3 4 "Sunwoda Electric Vehicle Battery Seeking $580 Million Round Before China IPO, Sources Say" . February 22, 2023 – via Bloomberg.
  8. 1 2 "Sunwoda Seeks EV Battery Unit Funding at $3 Billion Value" . Bloomberg .
  9. ↑ "Northvolt & Sunwoda reach Benchmark Tier One status for EV lithium ion battery output". Benchmark Source. June 17, 2022.
  10. ↑ "Sunwoda Electronic to build EV battery plant in Hungary" . Automotive News .
  11. ↑ "China's Sunwoda to build battery plant in Hungary". Xinhua News Agency .
  12. ↑ "China's Sunwoda to build battery plant in Hungary". People's Daily .
  13. 1 2 "Sunwoda Said to Tap Goldman, UBS for $500 Million Swiss Listing" . Bloomberg .
  14. ↑ "Sunwoda EV Battery Is Said to Weigh IPO Switch to Hong Kong" . Bloomberg .
  15. ↑ "Sunwoda Electronic to supply batteries to VW's hybrid vehicles" . Automotive News .
  16. ↑ "Apple Says Three More Suppliers to Use Solely Renewable Power" . Bloomberg .
  17. ↑ "Sunwoda Electronic Gets Regulatory Approval For Convertible Bond Issue". Reuters .
  18. ↑ "China's EV Startups Defy Funding Slump With $6 Billion of Deals" . Bloomberg .
  19. ↑ "2024 Fortune China 500". Fortune China .
  20. ↑ "2023年《财富》中国500强排行榜 - 财富中文网". Fortune China .
  21. ↑ "2022年《财富》中国500强排行榜 - 财富中文网". Fortune China .
  22. ↑ "2021年《财富》中国500强排行榜 - 财富中文网". Fortune China .
  23. ↑ "Hurun Report - Info - Hurun China 500 Most Valuable Private Companies 2020". Hurun Report .
  24. ↑ "胡润百富 - 榜单". Hurun Report .
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