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SUNWODA Electronics company logo
Corporation
ELECTRONICS | Electrical Product Distribution / Power Generation & Storage
sunwoda.com

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Investments

18

Portfolio Exits

2

Partners & Customers

1

Service Providers

3

About SUNWODA Electronics

SUNWODA Electronics (SHE: 300207) focuses on the research, design, manufacture, and sales of the lithium-ion battery.

SUNWODA Electronics Headquarters Location

No.2 Yihe Road, Shilong Community Shiyan Street, Baoan District

Shenzhen, Guangdong, 518108,

China

+86-755-29516888

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SUNWODA Electronics Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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SUNWODA Electronics Rank

Latest SUNWODA Electronics News

Sunwoda Seeks EV Battery Unit Funding at $3 Billion Value

Apr 12, 2022

1:35 PM IST, 12 Apr 2022 11:45 AM IST, 12 Apr 2022 1:35 PM IST, 12 Apr 2022 Save (Bloomberg) -- Sunwoda Electronic Co. is considering raising new funds for its electric-vehicle battery unit at a valuation of more than 20 billion yuan ($3.1 billion), according to people familiar with the matter. (Bloomberg) -- Sunwoda Electronic Co. is considering raising new funds for its electric-vehicle battery unit at a valuation of more than 20 billion yuan ($3.1 billion), according to people familiar with the matter. The Shenzhen-listed company is looking to raise about 3 billion yuan to 4 billion yuan for the unit and has reached out to potential investors, said one of the people, who asked not to be identified as the information is private. Considerations are at an early stage and details such as valuation and fundraising size could still change, the people said. A representative for Sunwoda didn’t immediately respond to requests for comment. EV battery manufacturers in China are attracting billions of dollars as carmakers are looking to diversify their supply. Sunwoda in February raised almost $400 million from 19 investors led by EV startup Li Auto Inc. as well as state-owned automakers Guangzhou Automobile Group Co. and SAIC Motor Corp. Founded in 1997, Sunwoda started with making batteries for smartphones, according to its website . It founded the EV battery business in 2008. The lithium-ion battery maker has eight production bases in China and India with some technical centers in the U.S. and Europe. It went public on Shenzhen’s ChiNext exchange in 2011. Sunwoda counts carmakers including Zhejiang Geely Holding Group Co. and Dongfeng Motor Group Co. among its major customers. Shares in Sunwoda have climbed about 19% in the past year, giving the company a valuation of about $6.3 billion. Ruipu Energy Co., a Chinese EV battery maker backed by the world’s largest nickel producer Tsingshan Holding Group Co., is seeking to raise funds at a valuation close to $4.7 billion, Bloomberg News reported last week. REPT, as the business is known, is also exploring a Hong Kong initial public offering that could raise about $1 billion, people familiar with the matter have said. ©2022 Bloomberg L.P.

SUNWODA Electronics Investments

18 Investments

SUNWODA Electronics has made 18 investments. Their latest investment was in In Link as part of their Series A on April 4, 2022.

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SUNWODA Electronics Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/10/2022

Series A

In Link

Yes

1

3/13/2022

Private Equity

GTC-POWER

$7.86M

Yes

1

2/16/2022

Series B

ETASolutions

Yes

1

2/9/2022

Series A

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10

2/9/2022

Series A

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10

Date

4/10/2022

3/13/2022

2/16/2022

2/9/2022

2/9/2022

Round

Series A

Private Equity

Series B

Series A

Series A

Company

In Link

GTC-POWER

ETASolutions

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Amount

$7.86M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

SUNWODA Electronics Portfolio Exits

2 Portfolio Exits

SUNWODA Electronics has 2 portfolio exits. Their latest portfolio exit was Anker Innovation on August 24, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/24/2020

IPO - II

$99M

Public

1

5/5/2017

Corporate Majority

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$99M

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10

Date

8/24/2020

5/5/2017

Exit

IPO - II

Corporate Majority

Companies

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Valuation

$99M

$99M

Acquirer

Public

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Sources

1

10

SUNWODA Electronics Partners & Customers

1 Partners and customers

SUNWODA Electronics has 1 strategic partners and customers. SUNWODA Electronics recently partnered with Chanhen Chemical on December 12, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

12/6/2021

Partner

China

China's Sunwoda Teams With Chanhen to Avoid NEV Battery Material Shortfall

-LRB- Yicai Global -RRB- Dec. 6 -- Chinese battery maker Sunwoda intends to join hands with Chanhen Chemical to build a CNY7 billion -LRB- USD1 .1 billion -RRB- battery material industrial park to ensure sufficient and reasonably priced raw materials amid the booming new energy vehicle sector .

1

Date

12/6/2021

Type

Partner

Business Partner

Country

China

News Snippet

China's Sunwoda Teams With Chanhen to Avoid NEV Battery Material Shortfall

-LRB- Yicai Global -RRB- Dec. 6 -- Chinese battery maker Sunwoda intends to join hands with Chanhen Chemical to build a CNY7 billion -LRB- USD1 .1 billion -RRB- battery material industrial park to ensure sufficient and reasonably priced raw materials amid the booming new energy vehicle sector .

Sources

1

SUNWODA Electronics Service Providers

4 Service Providers

SUNWODA Electronics has 4 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

IPO

Commercial Bank

General Business Banking

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Service Provider

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Associated Rounds

IPO

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Provider Type

Commercial Bank

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Service Type

General Business Banking

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Partnership data by VentureSource

SUNWODA Electronics Team

2 Team Members

SUNWODA Electronics has 2 team members, including current Chief Executive Officer, MingWang Wang.

Name

Work History

Title

Status

MingWang Wang

Chief Executive Officer

Current

GuangYu Xiao

Chief Financial Officer

Current

Name

MingWang Wang

GuangYu Xiao

Work History

Title

Chief Executive Officer

Chief Financial Officer

Status

Current

Current

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