Sunwoda and Hefei State Capital Establish ¥110M Battery Joint Venture
Hefei Hongchu Technology Co., Ltd. has been established with a registered capital of 110 million yuan, backed by Sunwoda Power Technology Co., Ltd. and Hefei Renchuang Phase IV Venture Capital Partnership. The company will focus on battery manufacturing, sales, energy storage technology services, and contract energy management. Hefei Renchuang holds a 54.55% stake, while Sunwoda holds 27.27%. State-backed capital enhances financial stability and development opportunities for the venture.
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Hefei Hongchu Technology Co., Ltd. was established with a registered capital of 110 million yuan, with shareholders including Hefei Renchuang Phase IV Venture Capital Partnership and Sunwoda Power Technology Co., Ltd. The business activities include battery manufacturing, sales, and energy storage technology services.
Hefei Renchuang holds a 54.55% stake, while Sunwoda holds 27.27%. The venture is supported by state-backed capital from Hefei Industry Investment Holding Group and Hefei Construction Investment Holding Group, providing financial stability and enhancing development prospects for supply chain integration and project implementation.
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