Xinwangda: 50GWh power battery project landed in Yiwu

Yesterday, Xinwangda Electric Vehicle Battery and Yiwu Municipal Government signed the "Project Investment Agreement". The project plans to build a production base with a total capacity of about 50GWh of power batteries and energy storage batteries, mainly engaged in the production and sales of lithium-ion power batteries and energy storage batteries, including automotive power batteries and energy storage batteries. cores, modules, packs, battery systems, etc.

Xinwangda said that the total planned investment of the project is about 21.3 billion yuan, which is the largest single investment project in the manufacturing industry in the history of Jinhua and Yiwu.

According to the data disclosed by Sunwoda on the institutional conference call, in the first half of 2022, Sunwoda's electric vehicle battery shipments totaled 3.95Gwh and achieved revenue of 4.200 billion yuan, a year-on-year increase of 631.92%.

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