Misplaced Pages

Sunwoda

Article snapshot taken from[REDACTED] with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Chinese battery manufacturer

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

History

Sunwoda Electronic was founded in 1997 by Wang Mingwang and Wang Wei.

In 2008, Sunwoda expanded into the EV battery business.

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

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

In August 2023, Sunwoda announced that it was constructing an EV battery plant in Nyiregyhaza, northeast Hungary.

Operations

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

Products

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

Sunwoda Electric Vehicle Battery

Sunwoda Electronic Co., Ltd launched the battery business in 2008.

In 2020, Sunwoda received regulatory approval for convertible bond issue. 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. In November 2022, Sunwoda Electronic raised $440 million through a global depository receipt sale and was listed on the Swiss Stock Exchange.

Recognition

  • 2024 Fortune China 500: ranked 332nd
  • 2023 Fortune China 500 ranked 291st
  • 2022 Fortune China 500 ranked 332nd
  • 2021 Fortune China 500 ranked 344th
  • 2020 Hurun China 500
  • 2022 Hurun China 500

References

  1. "Sunwoda to make solid batteries cheaper". China Daily.
  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. ^ "Sunwoda Electronic | Company Overview & News". Forbes.
  6. "Wang Mingwang". Forbes.
  7. ^ "Sunwoda Electric Vehicle Battery Seeking $580 Million Round Before China IPO, Sources Say". February 22, 2023 – via Bloomberg.
  8. ^ "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. ^ "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.
Categories:
Sunwoda Add topic