Gasgoo Munich- Sunwoda Electronic Co., Ltd. announced on September 4 that its subsidiary, Sunwoda Mobility Energy Technology Co., Ltd. ("SEVB"), plans to increase its capital and introduce Li Autoas a strategic investor.
Image source: Li Auto
Li Auto plans to invest 2.65 billion yuan in SEVB, giving it an 8.79% stake following the capital increase. Upon completion of the transaction, Li Auto-related entities will indirectly hold a combined 11.17% interest in the battery company.
Following the transaction, SEVB's registered capital will increase from 14.515 billion yuan to 15.915 billion yuan. The stake held by Sunwoda Huizhou New Energy Co., Ltd. will decline from 26.38% to 24.06%, while SEVB will remain within the listed company's consolidated financial statements.
Sunwoda said the investment is intended to deepen cooperation with Li Auto in technology development, production capacity support and market expansion.
Li Auto described the deal as a long-term strategic partnership focused on battery technology, manufacturing quality and customer value, rather than a purely financial investment.
The automaker established its in-house battery development team in 2015 and has since worked across battery cells, packs, battery management systems, thermal management and vehicle integration. Li Auto said these efforts have supported the introduction of technologies including a large-capacity battery for extended-range electric vehicles, 5C fast charging and its proprietary ATR algorithm.
Li Auto's battery strategy combines internally led development with cooperation across the supply chain. The company develops key technologies that directly affect user experience and product differentiation in-house, while working with specialist partners on capital-intensive operations such as battery-cell manufacturing.
Li Auto and Sunwoda previously established a battery joint venture to support the series production of Li Auto's internally developed batteries. The latest investment will deepen that relationship and give Li Auto greater involvement in battery technology, manufacturing quality and long-term cooperation as it develops and updates its next-generation products.
