Sunwoda Electronic Co., Ltd., or simply Sunwoda (, is a Chinese technology company that specializes in the research and manufacture of

lithium-ion battery A lithium-ion or Li-ion battery is a type of rechargeable battery that uses the reversible intercalation of Li+ ions into electronically conducting solids to store energy. Li-ion batteries are characterized by higher specific energy, energ ...

modules. It is based in

Shenzhen Shenzhen is a prefecture-level city in the province of Guangdong, China. A Special economic zones of China, special economic zone, it is located on the east bank of the Pearl River (China), Pearl River estuary on the central coast of Guangdong ...

, 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 ChiNext is a NASDAQ-style subsidiary of the Shenzhen Stock Exchange. The first batch of firms started trading on ChiNext on October 30, 2009. ChiNext aims to attract innovative and fast-growing enterprises, especially high-tech firms. Its listi ...

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

and operates production bases in

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

Hungary Hungary is a landlocked country in Central Europe. Spanning much of the Pannonian Basin, Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia and ...

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

Morocco Morocco, officially the Kingdom of Morocco, is a country in the Maghreb region of North Africa. It has coastlines on the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria to Algeria–Morocc ...

, and

Vietnam Vietnam, officially the Socialist Republic of Vietnam (SRV), is a country at the eastern edge of mainland Southeast Asia, with an area of about and a population of over 100 million, making it the world's List of countries and depende ...

Products

Sunwoda produces lithium-ion batteries for

mobile phone A mobile phone or cell phone is a portable telephone that allows users to make and receive calls over a radio frequency link while moving within a designated telephone service area, unlike fixed-location phones ( landline phones). This rad ...

laptop A laptop computer or notebook computer, also known as a laptop or notebook, is a small, portable personal computer (PC). Laptops typically have a Clamshell design, clamshell form factor (design), form factor with a flat-panel computer scree ...

s, and

power tools A power tool is a tool that is actuated by an additional power source and mechanism other than the solely manual labor used with hand tools. The most common types of power tools use electric motors. Internal combustion engines and compressed air ...

. Sunwoda's EV battery unit supplies products to automakers such as

Dongfeng Motor Group Dongfeng Motor Group Co., Ltd., doing business as DFG, is a Chinese holding company based in Wuhan, Hubei. Its H shares were listed on the Hong Kong stock exchange. Dongfeng Motor Group formed several joint ventures with other foreign automobi ...

Geely Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely Holding ( ; ), is a Chinese multinational automotive conglomerate headquartered in Hangzhou, China. The company was founded by, and is privately owned by Chinese entrepre ...

Volkswagen Volkswagen (VW; )English: , . is a German automotive industry, automobile manufacturer based in Wolfsburg, Lower Saxony, Germany. Established in 1937 by German Labour Front, The German Labour Front, it was revitalized into the global brand it ...

Volvo Cars Volvo Car AB, trading as Volvo Cars (, styled VOLVO in the company's logo) is a Sweden, Swedish multinational manufacturer of luxury vehicles. Volvo is headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and ...

, and

Li Auto Li Auto Inc. () is a Chinese electric car, electric vehicle manufacturer headquartered in Beijing, with manufacturing facilities in Changzhou.https://www.sec.gov/Archives/edgar/data/1791706/000104746920004077/a2241802zf-1.htm Founded by Li Xiang ...

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 A global depository receipt (GDR and sometimes spelled ''depositary'') is a general name for a depositary receipt where a certificate issued by a depository bank, which purchases Share (finance), shares of foreign companies, creates a Security ( ...

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

{{reflist Companies listed on the Shenzhen Stock Exchange 1997 establishments in China Manufacturing companies based in Shenzhen