 | |
| Company type | Public |
|---|---|
| SZSE: 300207 | |
| Industry | Lithium-ion battery |
| Founded | 1997 |
| Founders | Wang Mingwang Wang Wei |
| Headquarters | , China |
Area served | Worldwide |
| Website | sunwoda |
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]
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]
Sunwoda is headquartered in Shenzhen and operates production bases in China, Hungary, India, Morocco, and Vietnam. [8] [13]
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 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]