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28 Feb
04:18

Sunwoda accepts capital increase for 'long-term goals'

Shenzhen-listed lithium battery company Sunwoda Electronic recently announced that it has agreed to a capital increase plan in its holding second-tier subsidiary Sunwoda Electric Vehicle (EV) Battery in order to help the latter better reach its long-term goals within the power battery business.  Based on Sunwoda EV Battery's financial report as of the third quarter of 2021, during the first nine months in 2021, its net loss reache…
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