Recently, Sunwoda Electric Vehicle Battery Co., Ltd., a subsidiary of Sunwoda, invested and established a joint venture with Dongfeng Motor Corporation and Dongfeng Hongtai Holding Group Co., Ltd. to research and develop cells and modules of power batteries and energy storage batteries and their related components，so as to meet the demand of Dongfeng Motor Corporation, Dongfeng Hongtai and their affiliates for automotive power batteries and energy storage batteries.
This cooperation aims to join forces and give full play to the technical R&D advantages of Sunwoda in power batteries and energy storage batteries and the resource advantages of Dongfeng Motor Corporation and Dongfeng Hongtai, to further deepen the cooperation between the parties and achieve win-win cooperation.
It is conducive to the continuous expansion of the domestic business market for Sunwoda's power battery and energy storage battery products, locking in the middle and high-end customers, expanding business scale, reducing operational risks, enhancing the sustainable profitability and core competitiveness of Sunwoda in the field of new energy vehicles, and is of positive significance to the implementation of Sunwoda's medium and long-term development strategic plan.
