Chinese battery maker Sunwoda settles lawsuit with Geely's battery unit
Sunwoda Electronic’s subsidiary settles lawsuit with Geely’s battery unit Viridi E-Mobility, expecting a 2025 net profit impact of 500–800 million yuan ($72–$115M).
February 06, 2026
Zhang Yan, Yukun Zhang and Ryan Woo/Reuters
FILE PHOTO: Geely Auto logo is seen in this illustration taken January 16, 2024.
Dado Ruvic/Illustration/Reuters
A subsidiary of Chinese lithium-ion battery maker Sunwoda Electronic 300207.SZ has reached an agreement to settle a lawsuit brought against it by Viridi E-Mobility Technology, automaker Geely's 0175.HK battery unit, a stock exchange filing showed on Friday.
The settlement is expected to hit Sunwoda's 2025 net profit by between 500 million yuan ($72.06 million) and 800 million yuan, the company said in the filing.
($1 = 6.9387 Chinese yuan renminbi)
-Zhang Yan, Yukun Zhang and Ryan Woo/Reuters
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