Sunwoda Subsidiary Establishes Power Battery Joint Venture
Power battery manufacturer Sunwoda announced on June 17 that its subsidiary Sunwoda Electric Vehicle Battery Co., Ltd. (Sunwoda EVB), jointly invested with Dongfeng Motor Corporation and Dongfeng Hongtai Holdings Group Co., Ltd., is setting up a joint venture company. Specifically, Dongfeng Motor Corporation Group holds 87.24% equity of…