Sunwoda recently said in the investor interactive platform, the company power battery plans to invest in the construction of a 20GWh power battery and energy storage battery production base in Shifang City, Sichuan. The company also previously set up a joint venture with Chuanheng in Guizhou to cooperate on the development of phosphate resources.
When it came In addition, the development of solid-state battery products is progressing normally, and the subsequent mass production will be carried out according to customer demand.
In response to the falling price of lithium carbonate, Sunwoda pointed out that the falling price of lithium carbonate is beneficial to the company’s cost control on the raw material side and enhances the company’s profitability. However, the overall profitability of the company not only depends on the control of the cost side but also takes into account the prosperity of the end market and competitors and other factors.
The data published by Sunwoda that as of the first half of 2022, Sunwoda’s power battery production capacity is about 25GWh, and the power battery self-supply rate is 100%.