Xinwanda announced that it will become a supplier of Volvo automotive power battery products.

CTOnews.com December 3 news, Xinwangda announced that Xinwangda holding subsidiary Xinwangda Electric Vehicle Battery Co., Ltd.(referred to as "Xinwangda Automobile Battery") recently received Volvo Car Corporation (Volvo Car Corporation, referred to as "Volvo Cars") on the supply of battery cell products to it.

Volvo Cars is one of the world's leading car manufacturers, and this time Xinwangda has become one of Volvo Cars 'power battery product suppliers.

CTOnews.com learned that Xinwangda previously said on the investor interaction platform that the company's power battery is full of orders in hand, and the company has started to build corresponding production lines according to customer order demand and market conditions to meet customer demand.

According to the loading data of domestic power battery enterprises in October 2022 released by China Automobile Power Battery Industry Innovation Alliance, Xinwangda ranked fifth, with loading volume of 5.50GWh and domestic market share of 2.45%.