Xiaopeng's new car uses Sunwoda power batteries to alleviate the shortage of battery production capacity

Driving China on January 29, 2022, Xiaopeng Automobile, which previously used CATL as the main supplier of power batteries, has determined to use Sunwoda's 4c power battery (4C battery can adapt to fast charging) in the G9 medium and large SUV released in November last year. Sunwoda will be a certain version of the G9 A supply, the supply share of more than 50%.

Xiaopeng was the sales champion of China's new car-making forces last year, delivering more than 98,000 cars throughout the year, but the lack of battery supply slowed down the pace of delivery. At the earnings report in May last year, He Xiaopeng, chairman and CEO of Xiaopeng Automobile, said that the shortage of lithium iron phosphate battery production capacity has made Xiaopeng production face uncertainty. This continued until the end of the year.

It is reported that GAC Aegean and Weilai Automobile have also used suppliers outside the Ningde era in new cars. Geely has a joint venture with Sunwoda, Fu Neng and other battery companies to jointly produce batteries. Hive Energy, which was spun off from Great Wall, raised 20 billion yuan in financing last year. BYD has been developing its own batteries and building its own factories.

The world's major power battery manufacturers have disclosed capacity plans of more than 3000 GWh, and these capacities will be gradually put in place in 3 to 5 years. Even if these plans are only halfway delivered, the shortage of production capacity will gradually ease, and the shortage of supply will not last forever.

Sunwoda, which received the Xiaopeng order, started with a mobile phone battery and was listed on the A-share market as an Apple supplier in 2011. In 2008, Sunwoda began to do automotive power battery packaging and battery management system (BMS), and in 2018 began to officially mass-produce battery cells. Sunwoda has done oem work for the battery assembly link of the G3 listed by Xiaopeng in 2018. Since last year, Sunwoda has announced orders from Geely, Dongfeng, GAC and SAIC.