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| Period | Printed disclosure | Printed GWh |
|---|---|---|
| FY2022 | R&D project listed: key technologies for a new sodium-ion battery (process development). MD&A: sodium-ion development proceeding as planned. | |
| FY2023 | MD&A: company continues to develop sodium-ion batteries among advanced chemistries. No commercial GWh. | |
| FY2024 | R&D project still listed. MD&A: developing sodium-ion batteries to meet diverse end-customer needs. No commercial GWh. | |
| H1 2025 | MD&A: sodium-ion listed among advanced products under development (with silicon anode, solid-state, LMFP). No commercial GWh. | |
| FY2025 | R&D project still listed. MD&A: sodium-ion listed as frontier tech with silicon anode and solid-state. No commercial GWh. |
Founded in Shenzhen by brothers Wang Mingwang and Wang Wei as a consumer-electronics battery pack assembler. Early customer base built around mobile-phone packs for Huawei, Apple iPad and Samsung notebooks: pack-engineering DNA that later transfers to EV power and ESS modules.
Sunwoda EVB subsidiary established in Huizhou to enter EV power-battery market: initial focus on cell-pack assembly using third-party cells, transitioning to in-house pouch-cell production by 2018. Late entry compared to BYD/CATL means smaller initial scale, but pack-engineering heritage gives Sunwoda an OEM-friendly module design edge.
Volkswagen, Xpeng, NIO and Li Auto joint $1.4B Series A investment into Sunwoda EVB: Series A pre-money ~$3B, post-money ~$4.5B. Strategic alignment with Chinese new-EV-startups for fast-charging cell platforms; VW provides European auto-grade-validation know-how. Largest battery Series A since CATL's 2017 round.
Launched SFC480 super-fast-charging battery: 4C nominal charge rate, 1,000 km claimed range at high-energy variant. First mass-applied cell platform on Xpeng G9 (Sep 2022). Establishes Sunwoda's fast-charging-cell brand differentiation amid LFP-saturated China.
Yiwu super factory expansion online: 50 GWh/yr cell capacity. Becomes Sunwoda EVB's largest single site; powers Xpeng G6/G9, Li Auto MEGA, and Volkswagen Anhui MEB+ allocation.
Hungary Nyiregyhaza pack plant began trial production: first European footprint, anchored by BMW pack-assembly (Sunwoda EVB sub-supplier) for Neue Klasse vehicles. €450M investment, 30 GWh/yr pack capacity targeted by 2026.
Cell shipments crossed 50 GWh annualised; became China's #4 EV battery installer behind CATL, BYD, CALB. Volkswagen-Anhui MEB+ ramp + Xpeng/Li Auto growth drive 60% YoY volume growth.