As an important target field of carbon reduction, the green transition of the transportation industry has provoked a slew of business opportunities for new energy vehicles.
Yingke PE (Chinese: 盈科资本) has again invested hundreds of millions of CNY into Sunwoda-EVB, a holding subsidiary of Sunwoda Electronic Co Ltd. (Stock Code: 300207), as a significant move in its business layout of the ‘double carbon’ segment. In earlier days, Sunwoda-EVB attained CNY 6 billion in Series A. Investors include IDG Capital, Source Code Capital (Chinese: 源码资本), Broad Vision Funds (Chinese: 博华资本), Three Gorges Capital (Chinese: 三峡资本), and NGDF (Chinese: 国家绿色基金).
Sunwoda-EVB is committed to providing electric vehicle battery pack solutions for Chinese and global new energy vehicle makers based on its advanced lithium battery integration technology. The company has a full set of battery solutions including cells, modules, BMS, battery packs ("Pack"), and testing.
In terms of installed volume of batteries, Sunwoda-EVB is the fastest growing battery manufacturer in the Chinese market this year, with a volume of 3.24GWh from January to July, up 523% year-on-year, and ranks fifth with a market share of 2.42%. The company’s products focus on square aluminum shell cells, which are welcomed by BEV, HEV, 48V, and other application markets.
Relying on Sunwoda’s leading position in global consumer batteries, Sunwoda-EVB enjoys profound accumulation in battery material technologies, engineering capability, and manufacturing. It has also inherited talent, a scientific management system, operation experience, and large customer service capability from the listed company.
Guided by the ‘double carbon’ targets, players all along the industry chain of carbon neutrality are receiving enormous opportunities of the era. Yingke PE has established its portfolio around carbon neutrality, reaching a large variety of segments such as hydrogen, batteries, photovoltaic, and new energy vehicles.