Sunwoda reaches settlement with Geely battery unit over legal dispute
Sunwoda Electronic has reached a settlement with Geely's Viridi E-Mobility unit. The agreement is expected to reduce 2025 net profits by up to 800 million yuan.
Insights:
A subsidiary of Sunwoda Electronic Co.,Ltd has reached an agreement to settle a lawsuit brought by Viridi E-Mobility Technology, the battery unit of automaker Geely Automobile Holdings Limited . As disclosed in a stock exchange filing dated February 6, 2026, the settlement will reduce the company’s 2025 net profit by RMB 500–800 million, creating a material, near-term earnings adjustment at the company level. The agreement resolves the previously reported legal dispute between the parties in China 
CN, and the event status is now considered completed.
CN, and the event status is now considered completed.In the regulatory filing released on February 6, 2026, Sunwoda Electronic Co.,Ltd quantified the financial impact, confirming that the settlement will result in a significant reduction to its 2025 fiscal results. Sunwoda Electronic Co.,Ltd provided the estimate of RMB 500–800 million to clarify the immediate financial consequences of the resolution with the Geely Automobile Holdings Limited battery unit. This disclosure serves to remove the legal uncertainty surrounding the dispute that had been previously reported by the company.
