Sunwoda EVB Completes $886M Financing Round
Sunwoda Electric Vehicle Battery Co., Ltd. (Sunwoda EVB), a subsidiary of Chinese firm Sunwoda, has completed a new round of financing totaling 6 billion yuan ($886 million). The proceeds greatly exceed the round’s planned amount of 3 billion yuan, with a pre-investment valuation between 22 billion yuan and 23 billion yuan, domestic m…