Sunwoda Electric Vehicle Battery Revenue, Valuation, Funding & Investors

QuantumScape Corporation is an American company that researches and develops solid-state rechargeable lithium metal batteries for use in electric cars. It was founded in 2010 and is headquartered in San Jose, California, employs around 850 people. Major investors include Volkswagen Group and Bill Gates.

Farasis Energy is a global lithium-ion battery manufacturer producing power systems for electric vehicles, energy storage grids, and commercial applications. The company operates production facilities in China and the United States with partnerships including BMW for automotive battery supplies. Farasis Energy supplies high-energy-density cells addressing transportation electrification and renewable grid integration needs.

SVOLT Energy Technology is a Chinese electric-vehicle battery maker spun off from Great Wall Motors in 2018, specializing in cobalt-free and long-life solid-state batteries. The company operates production bases across multiple Chinese cities, including Changzhou, Suining, Huzhou, Ma'anshan, and Nanjing, with plans for manufacturing capacity in Europe. SVOLT supplies battery cells to automakers including Great Wall Motors, Geely, and Stellantis, and reported operating revenue of CNY 4.47 billion in 2021, up from CNY 1.74 billion in 2020.

Yinlong Group (Zhuhai Yinlong New Energy) is a Chinese manufacturer of new energy buses, including battery hybrid zero-emission models. The company has ranked among the top producers of buses over 7 meters in length in China's new energy vehicle market. Gree Electric became Yinlong's controlling shareholder in 2021 after acquiring a majority stake through a judicial auction.

StoreDot is a Herzliya-headquartered battery innovator specializing in extreme fast-charging lithium-ion cells for electric vehicles and consumer electronics. Its silicon-dominant anodes enable 80% charge in five minutes at room temperature. The company licenses technology to partners like VinFast for automotive integration. Founded in 2012, StoreDot has demonstrated prototypes at CES and secured partnerships with TDK for mobile applications using organic compound electrodes.

SK on is a Seoul-headquartered battery maker producing prismatic and pouch lithium-ion cells for electric vehicles from its Gwangmyeong and Seosan plants. Spun off from SK Innovation in 2021, it supplies packs to Ford Mustang Mach-E and Hyundai Ioniq 5. The company advances 46-series cells with NCM cathodes and partners with Solid Power on solid-state tech. SK on targets 200 GWh capacity by 2025.

BAIC BluePark New Energy Technology Co Ltd is engaged in the research and development, production, sales, and service of new energy pure electric vehicles and core components. The company operates under the Xiangjie, Jihu, and BEIJING brands, offering a range of models that include the Xiangjie S9, Alpha S Pioneer PRO, Alpha T5, Koala series, and others.

BETA Technologies Inc is an aerospace company manufacturing electric flight. It designs, manufactures and sells high-performance electric aircraft, advanced electric propulsion systems, charging systems and components. The company has one operating and reportable segment - Development and Manufacturing Electric Aircrafts. Its products include: Aircraft, Charge, Motor, Battery, and Flight Controls.

Smart is an automotive brand producing compact urban vehicles under a joint venture between Mercedes-Benz Group and Geely, with manufacturing in Hambach, France, and Bovisio-Masciago, Italy. The company offers the smart fortwo coupe, cabriolet, and forfour models, enhanced by BRABUS tuning packages that boost engine output to 109 horsepower from the standard 91-horsepower rear-mounted electric or gasoline powertrains. BRABUS variants feature 18-inch alloy wheels, lowered sports suspension, and exclusive leather interiors in the Xclusive trim. Launched in 1998, Smart vehicles emphasize rear-engine layout for tight parking maneuvers and city navigation across Europe, North America, and Asia.

Avatr is a Chongqing-headquartered premium electric vehicle brand launched in 2021 by Changan Automobile, Huawei, and CATL. It produces sedans like the Avatr 11 SUV with 90 kWh batteries offering 680 km range and Level 3 autonomy features. The company has delivered over 20,000 vehicles in China, expanding to smart cabins and OTA updates.

Zhiji Auto is a Shanghai-headquartered electric vehicle manufacturer established in 2020 through a joint venture between SAIC Motor and Alibaba Group. The company produces premium smart EVs including the LS6 sedan, LS7 SUV, and L7 sedan, all equipped with LiDAR-based autonomous driving systems and NVIDIA DRIVE Orin platforms. Deliveries of the L7 model started in late 2022, with over 10,000 units sold by mid-2023 across China.

Archer Aviation Inc advances the benefits of sustainable air mobility. The company is engaged in designing and developing a fully electric vertical takeoff and landing eVTOL aircraft for use in UAM networks. It is creating an electric airline that moves people throughout cities in a quick, safe, sustainable, and cost-effective manner.

Based in France, Valeo is an automotive parts supplier that operates through four business segments, including powertrain systems (PTS, 31% of 2022 revenue), thermal systems (THS, 22%), comfort and driving assistance systems (CDA, 22%), and visibility systems (VIS, 25%). As of 2022, Valeo generated 84% of its revenue through original equipment sales and 11% of revenue through aftermarket parts. The firm’s five largest automaker customers accounted for 53% of 2022 revenue. Europe is Valeo’s largest geographic market at 45% of 2022 revenue, followed by Asia at 33%, and Americas at 22%.

Redwood Materials is a Sparks-headquartered battery recycling company founded in 2017 that recovers over 95 percent of critical materials like lithium, nickel, and cobalt from end-of-life electric vehicle batteries and manufacturing scrap. Operating a closed-loop facility in Nevada, it supplies refined metals to battery producers such as Panasonic and Ford while deploying second-life energy storage systems. The company processes thousands of tons monthly, reducing reliance on virgin mining.

Ninebot Ltd is engaged in the research and development, design, manufacturing, distribution and sales of short-distance transportation products. The products offered by the company include electric balance bikes and electric scooters for short distance commuting.

Joby Aviation Inc is a transportation company developing an all-electric, vertical take-off and landing (eVTOL) air taxi for commercial passenger service. Its Joby eVTOL aircraft is designed to transport a pilot and up to four passengers or an expected payload of up to 1,000 pounds at speeds of up to 200 mph. The aircraft is optimized for urban routes, with a target range of up to 100 miles on a single charge. The company is also developing an app-based platform to build and operate an aerial ridesharing service powered by a network of eVTOL aircraft that it will manufacture and operate. It has one operating and reportable segment, namely flight services. Currently, the company generates all of its revenue from flight services provided to the Department of Defense in the United States.

Coherent's Silicon Carbide unit produces power devices and substrates for electric vehicle powertrains, including inverters and onboard chargers. Based in Warren, New Jersey, the division supplies substrates to Wolfspeed and devices to automotive OEMs like Tesla and Volkswagen. Its 200mm SiC wafers support 800V architectures in models such as Porsche Taycan.

Hozon is a Shanghai-based electric vehicle manufacturer operating the Neta brand. It produces models like Neta V, U, and S series SUVs and sedans with autonomous driving features, LFP batteries, and OTA updates. The company sells through dealerships in China and exports to Southeast Asia and Latin America.