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]
History
[edit]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
[edit]Sunwoda is headquartered in Shenzhen and operates production bases in China, Hungary, India, Morocco, and Vietnam.[8][13]
Products
[edit]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
[edit]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
[edit]- 2024 Fortune China 500: ranked 332nd[19]
- 2023 Fortune China 500 ranked 291st[20]
- 2022 Fortune China 500 ranked 332nd[21]
- 2021 Fortune China 500 ranked 344th[22]
- 2020 Hurun China 500[23]
- 2022 Hurun China 500[24]
References
[edit]- ^ "Sunwoda to make solid batteries cheaper". China Daily.
- ^ a b "Sunwoda profile". Bloomberg.
- ^ "6 Chinese companies rank among world's top 10 battery suppliers for EVs, plug-in hybrids, hybrids in 2022". Automotive News.
- ^ "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 Bloomberg.
- ^ a b "Sunwoda Seeks EV Battery Unit Funding at $3 Billion Value". Bloomberg.
- ^ "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". Automotive News.
- ^ "China's Sunwoda to build battery plant in Hungary". Xinhua News Agency.
- ^ "China's Sunwoda to build battery plant in Hungary". People's Daily.
- ^ a b "Sunwoda Said to Tap Goldman, UBS for $500 Million Swiss Listing". Bloomberg.
- ^ "Sunwoda EV Battery Is Said to Weigh IPO Switch to Hong Kong". Bloomberg.
- ^ "Sunwoda Electronic to supply batteries to VW's hybrid vehicles". Automotive News.
- ^ "Apple Says Three More Suppliers to Use Solely Renewable Power". Bloomberg.
- ^ "Sunwoda Electronic Gets Regulatory Approval For Convertible Bond Issue". Reuters.
- ^ "China's EV Startups Defy Funding Slump With $6 Billion of Deals". Bloomberg.
- ^ "2024 Fortune China 500". Fortune China.
- ^ "2023年《财富》中国500强排行榜 - 财富中文网". Fortune China.
- ^ "2022年《财富》中国500强排行榜 - 财富中文网". Fortune China.
- ^ "2021年《财富》中国500强排行榜 - 财富中文网". Fortune China.
- ^ "Hurun Report - Info - Hurun China 500 Most Valuable Private Companies 2020". Hurun Report.
- ^ "胡润百富 - 榜单". Hurun Report.