Sunwoda subsidiary faces lawsuit from Geely unit

Sunwoda Power, a subsidiary of Shenzhen-listed Sunwoda, is facing a RMB 2.31 billion lawsuit from Geely’s Viridi E-Mobility Technology (VREMT) over alleged quality issues in battery cells supplied between 2021–2023. The case, accepted by the Ningbo Intermediate People’s Court, comes as Sunwoda’s planned power unit listing remains on hold following consecutive losses.