Copyright FOURIN, Inc. 2023
Sunwoda Ranked Among the Top 10 Drive Battery Suppliers in 2021
China’s Sunwoda Electronic Co., Ltd. specializes in the development and production of various types of batteries. The company's total sales in 2020 increased 17.6% from the previous year to 29.69 billion CNY. However, drive battery sales decreased 49.5% to about 430 million CNY. The cause of the decline in sales was delay in delivery of drive batteries to automakers in China and overseas due to the impact of the new coronavirus. In the first six months of 2021, drive battery sales rose 4.4-fold to 570 million CNY thanks to new orders from GAC Motor, Geely Automobile and SAIC-GM-Wuling among other automakers. In full-year 2021, Sunwoda became top 10 supplier of drive batteries.
Sunwoda: Company Overview and History
||Sunwoda Electronic Co., Ltd.
||Shenzhen city, Guangdong province
||Approx. 1.63 billion CNY
||General Manager Wang Wei
||Wang Mingwang (private investor) 23.24%, etc.
||R&D and production of 3C batteries (for mobile phones, tablet and laptop computers, etc.), pen-type data input devices, robots, drive batteries, energy storage batteries, etc.
||See table below
||27,500 (of which approx. 6,000 are R&D personnel)
・1997: Established under the name Shenzhen Xinwangda Electronic Co., Ltd.
・2008: Began development of lithium-ion battery modules for electric vehicles.
・Oct. 2008: Renamed to Sunwoda Electronic Co., Ltd.
・Apr. 2011: Listed on the Shenzhen Stock Exchange Startup Board.
・Oct. 2014: Established Sunwoda Electric Vehicle Battery Co. Ltd.
・2018: Began production of drive battery cells.
・Jun. 2020: Sunwoda Electric Vehicle Battery started feasibility study of joint development of drive batteries for e-POWER vehicles with Nissan Motor.
・Jul. 2020: Completed construction of the first phase of its subsidiary Nanjing Sunwoda New Energy Co., Ltd.’s drive battery plant.
- Investment amount: 3.5 billion CNY. Building area: Approx. 140,000 m2. Annual production capacity of drive batteries: 4 GWh.
・Nov. 2020: Began construction of its subsidiary Zhejiang Xindong Energy Technology Co., Ltd.’s plant.
- Investment amount: Approx. 2 billion CNY. Products: Drive and energy storage
batteries, etc. Location: Lanxi city, Zhejiang province.
(Created using Sunwoda’s PR materials)