Sunwoda secures policy loans for energy storage projects

Sunwoda Electronic's board of directors, in its 20th interim meeting on October 16, 2025, approved an application for policy-oriented financial instruments from the China Development Bank's Shenzhen branch, totaling 67m yuan. These funds are designated for the capital injection and construction of several significant energy storage projects through its wholly-owned subsidiaries.

Specifically, the funds are allocated across three projects: 14m yuan for the Nanjing Lishui Economic Development Zone's 50MW/100MWh energy storage power station project, 10m yuan for the second phase of the same Nanjing Lishui facility, and 43m yuan for Huizhou Xincheng New Energy Co., Ltd.'s 200MW/400MWh independent energy storage power station project. The loans, with a 10-year term from the drawdown date, will be channeled as equity and shareholder loans.

This financing initiative aims to broaden Sunwoda's project financing channels, activate capital, and bolster its strategic expansion in the energy storage sector, enhancing the comprehensive strength of its energy storage segment and contributing positively to the company's future development.