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Capital Increased to 1.2 Billion Yuan; Sunwoda Partners with State-owned Capital to Scale Up Energy Storage Business

published: 2026-06-12 14:25

According to EnergyTrend,Hefei Hongchu Nengxin Technology Co., Ltd. (hereinafter referred to as Hongchu Nengxin) completed industrial and commercial changes on June 10, adding Sunwoda EV Battery and Hefei High-tech Venture Capital Co., Ltd. as new shareholders.

It is learned that the registered capital of Hongchu Nengxin has been raised from RMB 612 million to RMB 1.2 billion, representing a capital increase of approximately 96%. Following this equity restructuring, Hongchu Technology holds a 51% stake, Hefei High-tech Venture Capital Co., Ltd. holds 29%, and Sunwoda EV Battery holds 20%.

Founded on March 6, 2026, Hongchu Nengxin was wholly owned by Hefei Hongchu Technology Co., Ltd. (hereinafter referred to as Hongchu Technology) upon its establishment. Its business scope covers energy storage technical services, battery manufacturing and sales, energy conservation management services and other fields.

Public information shows that Hongchu Technology, the entity carrying out this capital increase, is itself a joint venture platform co-founded by Sunwoda EV Battery and state-owned capital funds from Hefei.

Established on January 21, 2026, Hongchu Technology had an initial registered capital of RMB 110 million. Its shareholders included Hefei Renchuang Phase IV Venture Capital Partnership (Limited Partnership), Sunwoda EV Battery and Hefei Renxin Venture Capital Partnership (Limited Partnership), holding equity stakes of 54.5455%, 27.2727% and 18.1818% respectively.

On March 23, 2026, Hongchu Technology completed its first round of capital and share expansion, lifting its registered capital from RMB 110 million to RMB 200 million. Meanwhile, the company brought in several new shareholders including Hefei Hefuchuang, Heyuan Yuan, Hemeixing and Xinhe Gongda.

The equity structure adjustment and capital increase of Hongchu Nengxin represent the continuation of the cooperation between Sunwoda EV Battery and Hefei state-owned capital, with the two sides jointly deploying the energy storage track. To date, all industrial and commercial change procedures related to this capital increase have been fully completed.

Source:EnergyTrend

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