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Li Auto invests $390M in Sunwoda EVB, becoming second-largest shareholder in Series C++ round.
PRIVATESep 04, 2026•4 days ago
Amount Raised
$390 Million
Round Type
Series C
ShandongManufacturingRenewable EnergyAutomotive
Investors
Li Auto
Description
Li Auto announced a 2.65 billion yuan ($390 million) investment in Sunwoda Electric Vehicle Battery Co Ltd, acquiring an 8.79% stake and becoming the battery maker's second-largest shareholder. The investment is part of Sunwoda EVB's Series C++ funding round, valued at approximately 30.14 billion yuan post-investment. Li Auto's related entities will hold a combined 11.17% stake, strengthening the companies' partnership in battery technology and manufacturing. The transaction has received board approval and uses the same pricing as previous Series C and Series C+ rounds.
Company Information
Company
Sunwoda Electric Vehicle Battery Co Ltd
Location
Shandong, China
About
Sunwoda Electric Vehicle Battery Co Ltd (Sunwoda EVB) is a power battery manufacturer specializing in battery cell systems, pack structures, and battery management solutions. The company provides engineering, manufacturing, and supply chain capabilities for electric vehicle batteries. Sunwoda EVB generated revenue of 15.53 billion yuan in the first half of 2026 and is working on reducing its debt-to-asset ratio through strategic investments.
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