On July 1, Sunwoda announced that in order to further promote the company’s globalization strategy, build an international capital operation platform, enhance its international brand image and comprehensive competitiveness, it intends to issue overseas listed foreign shares (H shares) and apply for listing on the main board of the Hong Kong Stock Exchange.
Sunwoda Electronics Co., Ltd. was established on December 9, 1997, and its main business involves the research and development, design, production and sales of lithium-ion battery modules. The main business income composition is: consumer batteries 54.27%,Electric vehicle27.02% for batteries, 15.33% for others, and 3.37% for energy storage systems.
At this year’s Shanghai Auto Show, Sunwoda made a grand debut with innovative solutions covering nine scenarios such as pure electric, hybrid, commercial vehicles, low-altitude flight, and energy storage to show the worldNew energyHard core strength in the field.
It is worth noting that Sunwoda has quietly evolved from a “power battery supplier” to a “smart energy ecological builder”, and its energy storage business has been soaring in recent years and is expected to become the core engine driving the second growth curve of enterprises.
Image source: Sunwanda
According to the first quarter report of 2025 released by Sunwanda, the company’s operating income was 12.289 billion yuan, a year-on-year increase of 11.97%. net profit attributable to shareholders of listed companies was 386 million yuan, a year-on-year increase of 21.23%.
Sunwoda is already actively promoting its globalization strategy. Not long ago, the Investment Promotion Council of Thailand announced that it had approved Sunwoda Electronics’ subsidiary to invest more than US$1 billion to produce batteries for electric vehicles and energy storage systems (ESS) in Thailand. It is reported that Sunwoda Automotive Energy Technology (Thailand) Co., Ltd. plans to build a production base in the Eastern Economic Corridor region of Thailand. Its first plant in Chonburi, Thailand, will specialize in producing lithium-ion batteries for electric vehicle manufacturers.
Recently, lithium battery companies have set off a boom in IPOs in Hong Kong. Previously, CATL took 128 days to be listed on the Hong Kong Stock Exchange on May 20, raising about HK$40.76 billion (about 37.3 billion yuan), the world’s largest listing fundraising during the year, and also setting a new high for Hong Kong stocks in more than four years. On the evening of June 9, EVE Lithium Energy disclosed that in order to further improve its capital strength and comprehensive competitiveness, enhance its international brand image, meet the needs of international business development, and further promote the globalization strategy, it plans to issue H-shares and list them on the main board of the Hong Kong Stock Exchange.
According to reports, Sunwoda is actively discussing with relevant intermediaries on the relevant work of this issuance and listing. Although the specific details have not yet been finalized, and the issuance and listing still need to be submitted to the company’s general meeting of shareholders for deliberation and obtain the filing, approval or approval of relevant government agencies and regulatory agencies, there is a certain uncertainty, but the company said that it will go all out to steadily advance various work.
