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]
History
editSunwoda 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
editSunwoda is headquartered in Shenzhen and operates production bases in China, Hungary, India, Morocco, and Vietnam.[8][13]
Products
editSunwoda 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
editSunwoda 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] In December 2022, Sunwoda invested $2 million in St. George Mining.[19]
Recognition
editReferences
edit- ^ "Sunwoda to make solid batteries cheaper". www.chinadaily.com.cn.
- ^ a b "Bloomberg - Are you a robot?". www.bloomberg.com.
{{cite web}}: Cite uses generic title (help) - ^ "6 Chinese companies rank among world's top 10 battery suppliers for EVs, plug-in hybrids, hybrids in 2022". www.autonews.com.
- ^ "Sunwoda, China's sixth-largest EV battery maker, a step closer to IPO". South China Morning Post. October 19, 2023.
- ^ a b "Sunwoda Electronic | Company Overview & News". Forbes.
- ^ "Wang Mingwang". Forbes.
- ^ a b c d "Sunwoda Electric Vehicle Battery Seeking $580 Million Round Before China IPO, Sources Say". February 22, 2023 – via www.bloomberg.com.
- ^ a b "Bloomberg - Are you a robot?". www.bloomberg.com.
{{cite web}}: Cite uses generic title (help) - ^ "Northvolt & Sunwoda reach Benchmark Tier One status for EV lithium ion battery output". Benchmark Source. June 17, 2022.
- ^ "Sunwoda Electronic to build EV battery plant in Hungary". www.autonews.com.
- ^ "China's Sunwoda to build battery plant in Hungary". english.news.cn.
- ^ "China's Sunwoda to build battery plant in Hungary - People's Daily Online". en.people.cn.
- ^ a b "Bloomberg - Are you a robot?". www.bloomberg.com.
{{cite web}}: Cite uses generic title (help) - ^ "Bloomberg - Are you a robot?". www.bloomberg.com.
{{cite web}}: Cite uses generic title (help) - ^ "Sunwoda Electronic to supply batteries to VW's hybrid vehicles". www.autonews.com.
- ^ "Bloomberg - Are you a robot?". www.bloomberg.com.
{{cite web}}: Cite uses generic title (help) - ^ https://www.reuters.com/article/business/healthcare-pharmaceuticals/sunwoda-electronic-gets-regulatory-approval-for-convertible-bond-issue-idUSL4N2AZ25L/
- ^ "Bloomberg - Are you a robot?". www.bloomberg.com.
{{cite web}}: Cite uses generic title (help) - ^ https://www.adelaidenow.com.au/business/stockhead/micros-with-majors-which-battery-maker-is-sniffing-around-these-two-asx-juniors-for-lithium/news-story/8a1b68fa5c71710c1015e9909b428544
- ^ "2024 Fortune China 500 - Fortune China". www.fortunechina.com.
- ^ "2023年《财富》中国500强排行榜 - 财富中文网". www.fortunechina.com.
- ^ "2022年《财富》中国500强排行榜 - 财富中文网". www.fortunechina.com.
- ^ "2021年《财富》中国500强排行榜 - 财富中文网". www.fortunechina.com.
- ^ "Hurun Report - Info - Hurun China 500 Most Valuable Private Companies 2020". www.hurun.net.
- ^ "胡润百富 - 榜单". www.hurun.net.
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