Sunwoda Electric Vehicle Battery, founded in 2014, aims to be a world-class provider of battery-system products and solutions for EVs and energy storage. The company leverages its parent Sunwoda Electronic Co., Ltd. (stock code: 300207.SZ) for technical, management and manufacturing expertise. It offers a full stack including cell, module, BMS and PACK, claims a BMS with independent IP, highly automated cell sorting, modular assembly and fully automated packaging lines. Sunwoda targets HEV and BEV scenarios—its HEV products are described as globally leading and it has cooperation with about 80% of HEV manufacturers; BEV products emphasize extremely fast charging. From January to July the company reported installed capacity of 3.24 GWh, ranking fifth with a 2.42% market share, and the article states its market share is growing rapidly. The company has signed cooperation agreements with major OEMs across economical, performance and high-end models.

Total raised

$1.1B

Funding rounds

1

Latest round

Series A

Latest activity

Sep 2022