Power batteries have also become an important strategic resource. The Zhuhai Municipal Government regards the power battery industry as a key local development industry. On March 1, 2022, Sunwoda announced that Sunwoda’s subsidiary, Sunwoda Electric Vehicle Battery Co., Ltd. Signed the "Zhuhai Municipal People's Government Xinwangda Electric Vehicle Battery Co., Ltd. Project Investment Agreement" with the Zhuhai Municipal Government.

According to the "Project Investment Agreement", the total planned investment of the project is about 12 billion yuan, of which the total investment in fixed assets is about 10 billion yuan. It is planned to build a power battery project with a total production capacity of 30GWh. R&D, design, production and sales.

In addition, the planned land for the project is about 800 mu (finally, the red line map of the land after the transfer of the state-owned construction land use rights shall prevail), which will be used for the construction of workshops, warehousing, auxiliary houses, living facilities, research and development, testing centers and other facilities.

Xinwangda Electric Vehicle Battery Co., Ltd. is engaged in the research and development, design, production and sales of power battery cells, battery modules and battery systems, and is responsible for organizing the investment, construction and operation of power battery projects. The Zhuhai Municipal Government regards the power battery industry as a local key development industry, and provides relevant policy support and comprehensive supporting services for the settlement of the Xinwangda 30Gwh power battery production base project.

Sunwoda said that this project will help to further expand the company's power battery production capacity, optimize the company's industrial structure, improve its industrial layout, further enhance the comprehensive competitiveness of the company and Sunwoda's automotive batteries, and meet the company's new energy business development and market expansion. demand. Editor/Sang Xiaomei