# Sunwoda
**Sunwoda** (欣旺达), formally Sunwoda Electronic Co., Ltd., is a Chinese lithium-ion battery manufacturer headquartered in Shenzhen that makes batteries for consumer electronics, electric vehicles, and energy storage systems. It was established in 1997, listed on the [Shenzhen Stock Exchange](https://www.edgepedia.org/shenzhen-stock-exchange) in 2011 under stock code 300207, and issued Global Depositary Receipts on the [SIX Swiss Exchange](https://www.edgepedia.org/six-swiss-exchange) in 2022.[1](https://en.sunwoda.com/about-profile)
| Key fact | Detail |
|---|---|
| Founded / listed | Established 1997; Shenzhen Stock Exchange listing 2011, stock code 300207; GDRs on the SIX Swiss Exchange in 2022[1](https://en.sunwoda.com/about-profile) |
| 2024 revenue | RMB 56.021 billion, of which consumer batteries RMB 30,405 million (54.27%) and EV batteries RMB 15,139 million (27.02%)[2](https://en.sunwoda.com/upload/portal/20250421/2df531847bb682819f9195b5f9b651db.pdf) |
| 2025 revenue | RMB 63,246,252,072.73, up 12.90% year on year; net profit attributable to shareholders RMB 1,057,234,512.68, down 27.99%[3](https://money.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?id=12162064&stockid=300207) |
| EV battery position | 18.8 GWh of global EV battery installations in 2024, up 74.1% year on year, a 2.1% market share ranking 10th (SNE Research); 7th in domestic installations[2](https://en.sunwoda.com/upload/portal/20250421/2df531847bb682819f9195b5f9b651db.pdf) |
| Consumer position | No. 1 globally in mobile phone battery shipments and No. 2 in laptop and tablet battery shipments, per the company[4](https://en.sunwoda.com/) |
| R&D scale | More than 10,000 R&D personnel including over 200 PhDs; US$3.13 billion of R&D investment since listing; more than 7,300 granted patents[5](https://en.sunwoda.com/core_competence) |
| Production footprint | Bases across Guangdong, Jiangsu, Zhejiang, Shandong, Jiangxi, Sichuan, and Hubei in China, plus India, Vietnam, Hungary, Morocco, and Thailand[1](https://en.sunwoda.com/about-profile) |
## History and corporate structure
Sunwoda began in the late 1990s with cellphone batteries and achieved mass production of consumer lithium-ion battery cells in 2014.[1](https://en.sunwoda.com/about-profile) • [6](https://static.cninfo.com.cn/finalpage/2026-04-24/1225160517.PDF) The group has since expanded into six business segments: 3C battery, power battery, energy storage battery, energy service, smart hardware, and ecological innovation of industry.[1](https://en.sunwoda.com/about-profile) Its EV battery business dates to 2012, and the energy storage subsidiary Sunwoda Energy Technology Co., Ltd. was founded in 2016.[7](https://www.sunwodaenergy.com/static/upload/file/20251217/1765941420520636.pdf)
**Listing and capital markets.** The company listed in Shenzhen in 2011 and issued GDRs in Switzerland in 2022.[1](https://en.sunwoda.com/about-profile) In July 2025 it filed for a listing on the [Hong Kong Stock Exchange](https://www.edgepedia.org/hong-kong-stock-exchange); trade press reporting on the filing described Sunwoda as one of China's largest EV battery makers, with clients including [Li Auto](https://www.edgepedia.org/li-auto), Xpeng, Leapmotor, and SAIC, and cited 2024 revenue of RMB 56 billion with gross profit of RMB 8.2 billion.[8](https://cnevpost.com/2025/07/30/sunwoda-files-hk-listing/)
## Business segments
**3C consumer batteries** are the traditional core business, covering battery cells, small power batteries, structural components, SiP (System-in-Package), and automation. The company describes itself as a leading manufacturer in the global 3C consumer sector with cooperative relationships with well-known domestic and foreign customers.[9](https://en.sunwoda.com/consumer_batteries) In 2024 this segment generated RMB 30,405 million, 54.27% of operating revenue; in 2025 it reached RMB 31,405,956,864.01, 49.66% of revenue, up 3.29% year on year.[2](https://en.sunwoda.com/upload/portal/20250421/2df531847bb682819f9195b5f9b651db.pdf) • [3](https://money.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?id=12162064&stockid=300207)
**EV batteries** grew faster than the consumer business. Revenue from electric vehicle battery sales was RMB 15,139 million in 2024 (27.02% of revenue) and RMB 18,907,902,088.73 in 2025 (29.90% of revenue), up 24.90% year on year.[2](https://en.sunwoda.com/upload/portal/20250421/2df531847bb682819f9195b5f9b651db.pdf) • [3](https://money.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?id=12162064&stockid=300207)
**Energy storage** is the smallest of the three battery segments but grew quickly: storage system revenue was RMB 1,889,215,326.95 in 2024 and RMB 2,312,755,208.36 in 2025, up 22.42% year on year.[3](https://money.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?id=12162064&stockid=300207) Sunwoda Energy, the storage subsidiary, offers residential, commercial and industrial, utility-scale, network energy, and smart energy solutions, and states accumulated energy storage system installed capacity of 22.33 GWh with projects in more than 100 countries.[7](https://www.sunwodaenergy.com/static/upload/file/20251217/1765941420520636.pdf) • [10](https://en.sunwodaenergy.com/) BloombergNEF has rated it a Tier 1 energy storage manufacturer.[10](https://en.sunwodaenergy.com/)
## Position in the EV battery market
According to data from SNE Research, a South Korean market research firm, Sunwoda's global EV battery installations totaled 18.8 GWh in 2024, a 74.1% year-on-year increase, giving a 2.1% market share and a 10th-place global ranking.[2](https://en.sunwoda.com/upload/portal/20250421/2df531847bb682819f9195b5f9b651db.pdf) The same SNE data placed Sunwoda tenth among global EV battery makers in 2024, behind [Samsung SDI](https://www.edgepedia.org/samsung-sdi) (3.3%), Gotion High-tech (3.2%), and Eve Energy (2.3%), in a market led by CATL with 37.9% and BYD with 17.2%.[11](https://cnevpost.com/2025/02/11/global-ev-battery-market-share-2024/) In the first half of 2024 the company had installed 7.5 GWh globally, up 62.4% year on year, and ranked fourth domestically by installed capacity according to the China Automotive Power Battery Industry Innovation Alliance.[12](https://en.sunwoda.com/upload/portal/20240829/3a8de07f7a46712094d28a6426a3aeaf.pdf) For full-year 2024 the alliance data ranked Sunwoda 7th in domestic EV battery installations, 5th for ternary power batteries and 7th for lithium iron phosphate batteries.[2](https://en.sunwoda.com/upload/portal/20250421/2df531847bb682819f9195b5f9b651db.pdf)
**Capacity expansion.** The Sunwoda Yiwu New Energy Power Battery Production Base in Zhejiang launched its first battery cell and pack in December 2023, with a total investment of 21.3 billion yuan jointly made by [Sunwoda EVB](https://www.edgepedia.org/evb) and the Yiwu Municipal Government; the project plans to produce 5 billion watt-hours of power batteries annually and, at full production, is expected to have an annual output value of about 35 billion yuan.[13](https://en.sunwoda.com/article/1354) In March 2025 Thailand approved a $1 billion Sunwoda investment in EV battery cell plants in the country.[14](https://cnevpost.com/2025/03/13/thailand-approves-sunwoda-investment-ev-battery-cell-plants/)
## Financial performance
For 2024 the company reported operating revenue of RMB 56,020,634,117.81 and net profit attributable to shareholders of RMB 1,468,240,562.81, with basic earnings per share of RMB 0.79 and a weighted average return on net assets of 6.26%.[3](https://money.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?id=12162064&stockid=300207) In 2025 revenue rose 12.90% to RMB 63,246,252,072.73 while net profit attributable to shareholders fell 27.99% to RMB 1,057,234,512.68, with basic earnings per share of RMB 0.58 and a weighted average return on net assets of 4.39%; total assets at the end of 2025 were RMB 108,072,225,016.49, up 23.76% from the end of 2024.[3](https://money.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?id=12162064&stockid=300207) The first half of 2025 brought revenue of RMB 26.985 billion, up 12.82% year on year, with net profit attributable to shareholders of RMB 855.85 million, up 3.88%.[15](https://en.sunwoda.com/upload/portal/20250827/ea87848d5558c718b50db2d11df14457.pdf)
## Technology and manufacturing
Sunwoda states it has more than 10,000 R&D personnel, including over 200 PhDs, cumulative R&D investment of US$3.13 billion since listing, more than 7,300 granted patents, and participation in more than 210 industry standards.[5](https://en.sunwoda.com/core_competence) It independently develops production and laser welding equipment for 3C consumer batteries and for EV cells, modules, and packs.[5](https://en.sunwoda.com/core_competence) In 2025 the company reported advancing Flash Charging technology to version 4.0, breakthroughs in solid-state battery development, a global launch of a next-generation large-capacity energy storage cell, and mass production of 3C semi-solid batteries.[16](https://en.sunwoda.com/article/1514/9.html) Its 2025 milestones list 3C semi-solid-state battery mass production surpassing 10 million units, a 12C ultra-fast-charging version of Flash-charging Battery 4.0, and a global debut of 684 Ah and 588 Ah energy storage cells.[17](https://en.sunwoda.com/article/1515/9.html)
**Global footprint.** Production bases span [Guangdong](https://www.edgepedia.org/guangdong), Jiangsu, Zhejiang, Shandong, Jiangxi, Sichuan, and Hubei provinces in China, with additional bases in India, Vietnam, Hungary, Morocco, and Thailand, and international marketing offices in the United States, France, Germany, and Japan.[1](https://en.sunwoda.com/about-profile) The company has also established a dedicated recycling subsidiary, Shenzhen Sunwoda Renew Co., Ltd., for battery recycling, dismantling, and material regeneration.[18](https://en.sunwoda.com/article/1530/9.html)
## References
1. [Company Profile, Sunwoda](https://en.sunwoda.com/about-profile)
2. [2024 Annual Report of Sunwoda Electronic Co., Ltd.](https://en.sunwoda.com/upload/portal/20250421/2df531847bb682819f9195b5f9b651db.pdf)
3. [欣旺达：2025年年度报告, Sina Finance](https://money.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?id=12162064&stockid=300207)
4. [Sunwoda homepage](https://en.sunwoda.com/)
5. [Core Competence, Sunwoda](https://en.sunwoda.com/core_competence)
6. [Company History, cninfo filing PDF](https://static.cninfo.com.cn/finalpage/2026-04-24/1225160517.PDF)
7. [Sunwoda Energy brochure (EN V19)](https://www.sunwodaenergy.com/static/upload/file/20251217/1765941420520636.pdf)
8. [Battery maker Sunwoda files for Hong Kong listing, CnEVPost](https://cnevpost.com/2025/07/30/sunwoda-files-hk-listing/)
9. [3C Consumer Batteries, Sunwoda](https://en.sunwoda.com/consumer_batteries)
10. [Global Energy Storage Company, Sunwoda Energy](https://en.sunwodaenergy.com/)
11. [Global EV battery market share in 2024: CATL 37.9%, BYD 17.2%, CnEVPost](https://cnevpost.com/2025/02/11/global-ev-battery-market-share-2024/)
12. [2024 Interim Report of Sunwoda Electronic Co., Ltd.](https://en.sunwoda.com/upload/portal/20240829/3a8de07f7a46712094d28a6426a3aeaf.pdf)
13. [Sunwoda (Yiwu factory) Battery Off-line Ceremony, Sunwoda](https://en.sunwoda.com/article/1354)
14. [Thailand approves Sunwoda's $1 billion investment in EV battery cell plants, CnEVPost](https://cnevpost.com/2025/03/13/thailand-approves-sunwoda-investment-ev-battery-cell-plants/)
15. [Summary of the 2025 Interim Report of Sunwoda Electronic Co., Ltd.](https://en.sunwoda.com/upload/portal/20250827/ea87848d5558c718b50db2d11df14457.pdf)
16. [Looking to 2026: A New Year for Long-Term Growth, Sunwoda](https://en.sunwoda.com/article/1514/9.html)
17. [Sunwoda 2025 Milestones, Sunwoda](https://en.sunwoda.com/article/1515/9.html)
18. [ESG Beyond Compliance, Sunwoda](https://en.sunwoda.com/article/1530/9.html)
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*Topic: Encyclopedia › Technology and the built world › Engineering and manufacturing › Manufacturing industries and companies › Electronics and technology manufacturers*
*Initially written Sep 17, 2026 · Reviewed: Sep 18, 2026; Oct 15, 2026 · Edited: Sep 18, 2026; Oct 15, 2026 · Last review: Oct 15, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license