Innovation-Driven, Green Future: Sunwoda's High-Quality Development Journey
The "14th Five-Year Plan" period represents a crucial five-year phase for China's transition to high-quality development. Under the national blueprint of steadily advancing green and low-carbon development and building a modern industrial system, the new energy industry has welcomed historic opportunities. Among them, lithium-ion batteries, as an important component in the green energy sector, stand at the forefront of this era.
Sunwoda Electronic Co.,Ltd. (hereinafter referred to as "Sunwoda") has deeply grasped the pulse of the times, with the mission of "driving progress in the new energy world through innovation." The company has cultivated deeply in the lithium battery field, using innovation as its engine and green development as its foundation, achieving a transformation from a leading consumer battery company to a new energy giant with multi-polar growth, delivering an impressive high-quality development report card.
**1. Based in Shenzhen, Serving the World: Remarkable High-Quality Development Results**
Global layout represents Sunwoda's vivid practice in responding to the "14th Five-Year Plan's" advocacy for a "new system of higher-level open economy." Guided by the vision of "becoming a respected world-class new energy enterprise," from India and Vietnam to Hungary, Morocco, and Thailand, from the United States and Europe to Japan, South Korea, and the Middle East, Sunwoda's production, manufacturing, and marketing networks span the globe. Particularly notable was the successful issuance of GDR and listing on the Swiss Stock Exchange in 2022, marking the entry of its globalization strategy into a new phase of capital and industrial collaboration, laying a solid foundation for participating in global competition and serving global customers.
After years of development, Sunwoda has grown into a leader in the global new energy industry. Operating performance undoubtedly serves as the most intuitive measure of high-quality development effectiveness. In the mid-to-late "14th Five-Year Plan" period (represented by 2024 data), Sunwoda demonstrated strong growth momentum and excellent operating quality.
In 2024, the company's power battery shipments surged 116.9% year-over-year to 25.29GWh, while energy storage system installations doubled to 8.88GWh. This positioned Sunwoda firmly among the top ten globally in power battery installations and successfully ranked among the top ten Chinese companies in global energy storage cell shipments and top five globally in energy storage system (DC side) market shipments. The consolidation and improvement of market position directly demonstrates its product competitiveness and brand influence.
Meanwhile, changes in main business revenue structure profoundly reflect the success of the company's strategic transformation. Traditional core business consumer battery revenue reached 30.405 billion yuan, accounting for 54.27%, continuing to play the role of "ballast stone" and ensuring the stability of the company's fundamental operations. Strategic emerging sectors representing future development directions showed explosive growth: electric vehicle battery revenue reached 15.139 billion yuan, up 40.24% year-over-year; energy storage system revenue was 1.889 billion yuan, surging 70.19% year-over-year. These two major businesses jointly constitute the company's powerful second growth curve, driving the company toward higher-value sectors.
Under this influence, Sunwoda achieved remarkable high growth in both revenue and profit in 2024.
**2. Innovation at Core, Technology as King: Forging Irreplaceable Core Competitiveness**
High-quality development is essentially innovation-driven development. Sunwoda understands this principle deeply, treating R&D innovation as its lifeline. In 2024, Sunwoda maintained high-intensity R&D investment, with annual R&D expenses exceeding 3.3 billion yuan. Since listing, cumulative R&D investment has exceeded 18.9 billion yuan. The nearly 10,000-person R&D team covers the entire industrial chain innovation chain from basic materials and cell technology to system integration and intelligent manufacturing.
During the "14th Five-Year Plan" period, Sunwoda's innovative products emerged continuously: fast-charging batteries, 600+Ah new energy storage cells, 10-meter-level integrated mobile energy storage vehicles, Yifeng series batteries, Dianjing intelligent cell sensors, commercial vehicle ultra-fast charging batteries, and other new products made their debuts. Additionally, the power cell business boundary expanded further, with power cell products certified by China Classification Society successfully opening new boundaries in marine power applications.
Innovation is reflected not only in products but also in production processes. Sunwoda is a "Digital Navigator" enterprise recognized by China's Ministry of Industry and Information Technology and among the first batch of "Excellence-level Intelligent Factories" nationwide, obtaining Level 4 certification for national intelligent manufacturing capability maturity. Through end-to-end digital integration and deep application of AI technology, the company achieved comprehensive improvements in production efficiency, product consistency, and cost control capabilities, making intelligent manufacturing another trump card.
In future technology and product layout, Sunwoda has a clear technology roadmap for solid-state batteries. Currently, the first-generation semi-solid-state battery has completed development, the second generation is undergoing pilot testing, the third-generation all-solid-state battery has completed small-scale testing, and production lines are being planned simultaneously. At the same time, Sunwoda is also focusing on overcoming technical challenges in humanoid robot battery technology, providing a comprehensive customized solution through "high energy density cells (material and process innovation) + hybrid PACK architecture (main torso + joint micro batteries) + intelligent BMS system," precisely addressing core pain points of endurance, weight, power, and safety. Based on deep technological accumulation for cross-domain innovation, this opens new growth space for the future.
**3. Green and Low-Carbon, Sustainable Operations: Practicing ESG Leadership in Sustainable Development**
The "14th Five-Year Plan" explicitly requires green and low-carbon development. Sunwoda is not only a provider of green energy solutions but also a practitioner of green development. Sunwoda released its "Carbon Peak and Carbon Neutrality" declaration in 2021 and in 2022 became the first to release the first "dual carbon" action plan among Chinese lithium battery companies, clearly setting goals of "operational carbon peak by 2029 and operational carbon neutrality by 2050." The 2025 "Toward a Sustainable Future" strategy integrates ESG deeply into corporate governance and operations from four dimensions: life cycle, friendly ecosystem, responsible business, and win-win partnerships.
In carbon reduction practices, Sunwoda significantly increased its green electricity usage ratio through building rooftop solar panels and directly purchasing green electricity, reaching 29.71% in 2024. Through internal energy-saving technology improvements, annual electricity savings reached 66.748 million kWh, reducing carbon dioxide emissions by approximately 35,800 tons. Multiple subsidiaries have obtained PAS2060 carbon neutrality certification.
Looking back at the "14th Five-Year Plan," Sunwoda Electronic Co.,Ltd. has interpreted the essence of high-quality development through excellent strategic execution, continuous technological innovation, and forward-looking green leadership. The company has not only achieved leap-forward growth in operating performance and optimization of business structure but has also made remarkable achievements in global layout, intelligent manufacturing, sustainable development, and frontier technology exploration, growing from a successful battery manufacturer into a platform-type high-tech enterprise leading progress in the new energy world.
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