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Sunwoda EVB Completes $886M Financing Round
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Sunwoda EVB Completes $886M Financing Round

Aug 17, 2022
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Sunwoda EVB Completes $886M Financing Round
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Sunwoda EVB Completes $886M Financing Round
(Source: GreenCars)

Sunwoda Electric Vehicle Battery Co., Ltd. (Sunwoda EVB), a subsidiary of Chinese firm Sunwoda, has completed a new round of financing totaling 6 billion yuan ($886 million). The proceeds greatly exceed the round’s planned amount of 3 billion yuan, with a pre-investment valuation between 22 billion yuan and 23 billion yuan, domestic m…

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