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Sunwoda

Energy · Shenzhen, CN

EV battery maker challenging CATL.

Founders

Wang Mingwang (China · ♂) — Wang Mingwang co-founded Sunwoda in Shenzhen in 1997 with his brother as a lithium-ion battery maker, serving as chairman until stepping down in 2016.
Wang Wei (China · ♂) — Moving from Maoming to Shenzhen in 1994, Wang Wei co-founded Sunwoda with his brother, led marketing/sales, and became chairman in 2016, steering its expansion into consumer and EV batteries.

Date	Round	Amount
Aug 2022	Funding round EV-battery maker Sunwoda raised 8B RMB from domestic VCs and state-backed funds at a 30B RMB valuation.	$1.2B

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