The 2021 interim report released by Sunwanda showed that operating income in the first half of 2021 was 15.6 billion yuan, a year-on-year increase of 30. Net profit was 600 million, an increase of 100 times year-on-year. However, CATL's half-year operating revenue is only 30-40 billion. Sunwanda's size is about half of CATL, but its market value is one-20th of CATL! In contrast, Sunwanda's future potential is huge.
On August 12, 2021, Sunwanda Electric Vehicle Battery Co., Ltd., a wholly-owned subsidiary of Sunwanda, signed a "Project Investment Agreement" with the Nanchang Economic and Technological Development Zone Management Committee, with a planned investment of 20 billion yuan. Construction of a power battery production base project in Nanchang. The project content includes power battery cells, battery modules, battery PACK, battery systems, etc.
As one of the traditional consumer battery giants, Sunwoda has continued to make efforts in the fields of new energy vehicles and power batteries in recent years, seizing the dual-carbon opportunity and firmly promoting production expansion and efficiency improvement. In July this year, it joined hands with Geely Group and Zhejiang Jirun to establish a joint venture company, Shandong Geely Xinwanda Power Battery Co., Ltd., to meet the needs of Zhejiang Jirun, Geely Group and their related parties for a full range of HEV vehicle power battery products.
In the first half of 2021, the company's power battery business has a good momentum of development, with 15 new models added, and successively obtained Dongfeng Liuqi Lingzhi CM5EV, Dongfeng E70, GAC A9E, Geely PMA platform, SAIC-GM-Wuling Hongguang Appointment letters for model projects of many car companies such as mini. Currently, car companies that have established cooperative relationships include: Renault, Nissan, Easyjet, Geely, Dongfeng, GAC, SAIC-GM-Wuling, Xpeng, etc.
According to the monthly power battery data from January to July released by the China Automotive Power Battery Industry Innovation Alliance, Sunwanda’s new energy vehicle power battery installed capacity from January to July 2021 was 0.52GWh, ranking the domestic installed capacity 13th, among which, the power battery installed capacity in July was 0.22GWh, ranking 7th in domestic installed capacity. The display ranking is constantly rising!
Wang Mingwang, chairman of the company, has N years of battery management experience. He was born in Maoming, Guangdong in 1967. At first, his family conditions were very poor. After completing his studies, he went out with dozens of dollars to start a business. The chairman is 54 years old. He is young and has the ability to lead the company to the next level. The chairman has been involved in the battery module industry since 1993 and founded Sunwanda Co., Ltd. in 1997. For more than ten years, he has led the company relying on his rich production management and R&D experience in the lithium-ion battery module industry and the concept of technological enterprise development. Develop into a leading enterprise in China's lithium-ion battery module industry. The chairman has long been committed to the research and development of lithium-ion battery modules. He is the leader of the company's technology research and development. He has presided over the development and formation of more than ten company core technologies and obtained multiple patents. He has won the Shenzhen Bao'an District People's Government Science and Technology District Chief Award. , the third prize of Baoan District Science and Technology Progress Award.