June 25, 2022

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Sunwoda, a number one developer of lithium-ion battery modules based totally in Shenzhen, China, introduced that its subsidiary Sunwoda Electrical Automobile Battery Co., Ltd. (Sunwoda EVB) plans to spend money on the development of a 30GWh energy battery manufacturing facility within the within sight town of Zhuhai. The undertaking is to be supported by way of a deliberate overall funding of about 12 billion yuan ($1.9 billion). Sunwoda EVB has additionally signed a undertaking funding settlement with the Zhuhai Municipal Executive.

The announcement displays that town’s government regard the ability battery business as a key driving force of native construction, offering favorable insurance policies and improve products and services for the Sunwoda manufacturing undertaking. Zhuhai additionally plans to supply about 800 mu (round 131 acres) of land for the tasks. Sunwoda will arrange an organization in Zhuhai with a registered capital of three billion yuan.

As well as, the company introduced that Sunwoda EVB has won an order from home automaking massive SAIC Motor, and can provide energy battery merchandise for the “ZS12MCE HEV” undertaking. In step with the corporate’s 2021 semi-annual file, its battery merchandise had been implemented to fifteen new automobile fashions within the first part of 2021. Additionally, the corporate has won orders from a variety of carmakers, supplying merchandise for fashions together with Dongfeng Liuqi Lingzhi CM5EV, Dongfeng E70, GAC Motor A9E, SAIC-GM-Wuling Hongguang MINI, Geely PMA and  GHS2.0 platforms.

Sunwoda EVB has simply finished a financing spherical. It introduced on February 24 that 19 buyers, together with Tianjin Hexiehaihe Funding, Chehejia, SkyTop, Weirui Funding and Xunxing Funding (Chongqing), spent a complete of two.43 billion yuan and bought about 19.5% fairness of the company.

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In step with knowledge from the China Car Battery Innovation Alliance, the marketplace percentage of energy batteries held by way of Fresh Amperex Era Co., Restricted (CATL) remained at greater than part. In 2021, the loading capability of Sunwoda used to be 2.06 GWh, with a marketplace percentage of one.3%. In January this 12 months, its loading capability used to be 0.23 GWh, the marketplace percentage had higher to one.41%, and the company’s rating in home marketplace additionally higher from tenth to eighth.

SEE ALSO: Battery Company Sunwoda EVB Baggage $380M From Traders Together with Li Auto and SAIC Motor

Based on upcoming marketplace festival, Sunwoda is getting ready to considerably make bigger its manufacturing.

In August 2021, Sunwoda introduced that it deliberate to speculate 20 billion yuan to construct a 50GWh energy battery manufacturing base undertaking within the town of Nanchang, Jiangxi province. In December, any other 20 billion yuan used to be poured right into a 30GWh energy battery and effort garage battery manufacturing line undertaking within the town of Zaozhuang Shandong province.

As well as, Sunwoda operates 4GWh and 30GWh manufacturing bases within the towns of Huizhou, Guangdong province and Nanjing, Jiangsu province respectively. With the 30GWh undertaking these days receiving funding, it’s estimated that Sunwoda’s total manufacturing capability will succeed in 144GWh in 2025.