Sunwoda's EV battery unit rakes in $875m from food delivery giant Meituan, others

Sunwoda's EV battery unit rakes in $875m from food delivery giant Meituan, others

Sunwoda Electric Vehicle Battery, an electric vehicle (EV) battery solutions provider affiliated with Chinese publicly-listed Sunwoda Electronic, has pocketed 6 billion yuan ($875.1 million) in a Series A funding round from investors including food delivery giant Meituan.