Smart and Sustainable Electric Mobility
Sunwoda is one of the world's largest power battery makers, and its EV battery business was valued at RMB 35.56 billion in its last funding round in June.
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The investment is to further improve the company's business layout, serve international customers and expand overseas business, Sunwoda said.
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Sunwoda's power battery installations in China amounted to 0.73 GWh in June, placing it at No. 6 with a 2.21 percent share.
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