China's Pangda Auto Files for Bankruptcy, Recombination as Debts Pile Up (Yicai Global) June 12 -- Pangda Automobile Trade, a major Chinese motor dealer, has filed for bankruptcy and recombination after struggling to climb its mountain of debt.
(Yicai Global) June 12 -- Pangda Automobile Trade, a major Chinese motor dealer, has filed for bankruptcy and recombination after struggling to climb its mountain of debt. The Hebei province-based firm is awaiting approval for a debt-to-equity swap that could save the firm, President Pang Qinghua said in a recent interview with Chinese media.
Sunwoda offers a broad range of battery products, catering to diverse industries from consumer electronics and energy storage to automotive. This diversification helps the company maintain a stable revenue stream across different market segments.
Sunwoda’s first battery took 3–4 years to move from development to mass production, finally hitting the market in 2019. Today, HEV batteries are the backbone of Sunwoda’s power battery business, with production operating at nearly full capacity, according to Wang.
Sunwoda’s cautious rise in the power battery market reflects the high stakes and rewards of competing with industry giants. With monthly sales exceeding 50,000 units, Li Auto has firmly secured its position as the leader among China’s new energy vehicle startups.
We present the largest and most influential battery manufacturers, exploring their market positions and strategies that have enabled them to dominate the industry. Did you know? China is the undisputed leader in battery manufacturing, dominating the global production of essential battery materials such as lithium, cobalt, and nickel.