Shulou(Shulou.com)11/24 Report--

CTOnews.com November 6 news, this afternoon, Xinwanda issued a notice that the holding subsidiary Xinwanda car battery recently received a fixed-point notice from German Volkswagen about the battery pack system of the HEV project, and the company will serve as a mass production supplier for the German Volkswagen HEV project to supply the power battery package system.

CTOnews.com learned that Xin Wanda said that the company is working with German Volkswagen to promote the follow-up work, the two sides have good performance capacity, the actual supply needs to be based on formal sales orders, the impact on this year's operating performance is uncertain.

According to the financial report, Xinwangda's total operating income in 2021 was 37.359 billion yuan, an increase of 25.82 percent over the same period last year, and the net profit attributed to the parent company was 916 million yuan, an increase of 14.18 percent over the same period last year.

In the field of power battery business, Xinwanda achieved 2.933 billion yuan in revenue in 2021, an increase of 584.67% over the same period last year. In terms of product development, Xinwanda power battery products focus on square aluminum shell cells, covering BEV, HEV, 48V and other application markets.

According to 36 Krypton reported in August this year, as a holding subsidiary of Xinwanda, Xinwanda Electric vehicle Battery Company has completed a new round of financing of 6 billion yuan, greatly exceeding the previously planned amount of 3 billion yuan, estimated at between 22 and 23 billion yuan.

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