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.

Sunwoda's revenue in 2022 was RMB 52.2 billion ($7.28 billion), up 39.63 percent year-on-year. Its power battery business will generate revenue of RMB 12.7 billion in 2022, up 332.56 percent year-on-year, contributing 24 percent of its revenue.

Its consumer battery businesses generated revenue of RMB 32 billion in 2022, an increase of 18.65 percent year-on-year, contributing 61 percent of revenue.

Sunwoda has become one of the largest power battery makers in China, with an installed capacity of 0.73 GWh in June, placing it at No. 6 with a 2.21 percent share, according to China Automotive Battery Innovation Alliance (CABIA).

The company installed 2.34 GWh in the second quarter, up 38.46 percent year-on-year and up 67.14 percent from the first quarter, data monitored by CnEVPost showed.

In February 2022, Sunwoda announced plans for a capital increase in Sunwoda EVB, with the Chinese EV trio -- Nio, Xpeng and Li Auto -- all planning to take a stake.

A total of 19 companies plan to increase their capital to Sunwoda EVB by RMB 2.43 billion, which will give them a 19.5495 percent stake in the company after the capital increase is completed, Sunwoda said in an announcement on February 24 last year.

($1=RMB 7.1692)

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