Key automaker supplier Sunwoda reportedly set to spin off and list EV battery unit

Sunwoda, a critical supplier to multiple automakers including SAIC and Xpeng Motors, is planning to separate its electric vehicle battery business into a new company, which could then apply for a listing as early as 2023, Chinese media reported Tuesday. Sunwoda’s EV unit is also looking to raise fresh funding of more than RMB 3 [……
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