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Sunwoda and Hefei State Capital Establish ¥110M Battery Joint Venture

ENERGY STORAGE

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.

Sunwoda and Hefei State Capital Establish ¥110M Battery Joint Venture

Feb 25, 2026, 6:13 AM

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