Gasgoo Munich- Sunwoda has secured environmental approval for a 5.367 billion yuan new energy battery project in Beijing, according to the Shunyi District Ecology and Environment Bureau. The facility will be located in the Beijing-Tianjin-Hebei Intelligent Connected New Energy Vehicle Technology Eco-Park in Shunyi.
Plans call for four lithium-ion cell production lines and four PACK assembly lines, with a total annual capacity of 41.32 GWh once operational. The facility is projected to generate roughly 9.5 billion yuan in annual output by 2030.
Once completed, the plant will fill a gap in Shunyi’s large-scale battery manufacturing capabilities. By enabling local sourcing and nearby supply of power batteries, the project aims to significantly cut supply chain costs for regional automakers and strengthen the district’s competitiveness in the new energy vehicle sector.
The move marks a strategic step for Sunwoda as it deepens its presence in the northern market and positions itself within the Beijing-Tianjin-Hebei lithium battery sector.
Beijing Sunwoda New Energy Co., Ltd. was established in March with a registered capital of 300 million yuan and Ye Zhilin as legal representative. Located in Shunyi, the subsidiary’s operations will span battery manufacturing and sales, new energy technology R&D, and electric vehicle charging infrastructure management.
Equity filings show the entity is wholly owned by Sunwoda EV Battery Technology Co., Ltd., a subsidiary of the parent group.
On May 27, Sunwoda announced plans for a Series C funding round for its battery unit, Sunwoda EV Battery. The move will bring in 13 strategic investors, including Gongrong Jintou, ABC Investment, Deyang Investment Holding, the Regional Synergy Fund, Lvywin Laser, Yinghe Technology, Yip's Chemical, and Luohu High-tech Investment.
The investors will collectively inject 1.68 billion yuan, subscribing to approximately 887 million yuan in new registered capital for a 6.30% stake. Following the increase, Sunwoda EV Battery’s registered capital will rise to 14.09 billion yuan, though Sunwoda will retain control and keep the subsidiary within its consolidated financial statements.
Sunwoda said the capital injection will provide operating funds for expansion, optimize the unit’s financial structure, and reduce debt. The move supports the strategic growth of its EV battery business and is expected to boost overall profitability in the future.
Data from the China Automotive Power Battery Industry Innovation Alliance shows China’s power battery installations hit 71.9 GWh in May, up 15.2% from April and 25.9% from a year earlier. For the first five months of the year, cumulative installations reached 259.1 GWh, a 7.3% annual increase. Sunwoda accounted for 7.03 GWh of that total, securing a 2.72% market share and placing seventh among domestic battery makers.
