Sunwoda Power, a subsidiary of Sunwoda (300207.SZ), plans to introduce Ideal Auto to increase capital by 2.65 billion yuan

According to Zhitong Finance App, Sunwoda (300207.SZ) announced that the company's subsidiary Sunwoda Power Technology Co., Ltd. (“Sunwoda Power”) plans to increase capital and expand shares, introducing Beijing Ideal Auto Co., Ltd. (“Ideal Auto”) to invest 2.65 billion yuan to subscribe for additional registered capital, corresponding to 8.79% of Sunwoda Power's shares after the capital increase is completed. After the capital increase and share expansion are completed, the company's shareholding ratio in Sunwoda Power will drop from 26.38% to 24.06%.

The introduction of strategic investors aims to deepen the strategic cooperation between the subsidiary Sunwoda Dynamics and Ideal Auto, give full play to the collaborative advantages of the two sides in technology research and development, capacity support, market expansion, etc., consolidate the company's competitive position in the power battery field, increase the passenger car market share, and help the company achieve high-quality development.