China FAW and Fudi invested in the establishment of a new company, including power battery development.

Published: Jan 18, 2022 17:13

Save

[FAW and Fodi invested in the establishment of a new company, including power battery development] on January 15, FAW Fudi New Energy Technology Co., Ltd. was established with Wu Ruijia as its legal representative and registered capital of 1 billion yuan. the scope of business includes: power battery and battery system development, production, sales and provide relevant after-sales and technical consulting services. Tianyancha equity penetration shows that the company is jointly owned by Fudi Industrial Co., Ltd., a wholly-owned subsidiary of BYD, and FAW Equity Investment (Tianjin) Co., Ltd., a wholly-owned subsidiary of China first Automobile Group Co., Ltd.

On January 15, FAW Fudi New Energy Technology Co., Ltd. was established with Wu Ruijia as its legal representative with a registered capital of 1 billion yuan. the scope of business includes: the development, production and sales of power batteries and battery systems, as well as the provision of relevant after-sales and technical consulting services.

Tianyancha equity penetration shows that the company is jointly owned by Fudi Industrial Co., Ltd., a wholly-owned subsidiary of BYD, and FAW Equity Investment (Tianjin) Co., Ltd., a wholly-owned subsidiary of China first Automobile Group Co., Ltd.

Among them, Fudi Industrial Co., Ltd. holds 51%, FAW Equity Investment (Tianjin) Co., Ltd. holds 49%.

In recent years, FAW has cooperated frequently with the domestic industrial chain. At the end of December 2021, FAW of China joined hands with Huawei to build a new generation of leading IPv6 network to accelerate the digital transformation. Subsequently, the New Energy Development Institute of China first Automobile Co., Ltd. joined hands with Junsheng New Energy Research Institute of Junsheng Electronics to build a "Joint Lab of Battery Management system and Power Electronics" to focus on the field of electronic control of new energy vehicles, build a strategic alliance between the two sides, and lead the development of automobile intelligence electrification in the domestic new energy vehicle industry ecosystem.

Battery

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

May 2, 2026 18:21

South African businessman leads takeover of one of Africa’s largest nickel-cobalt mining operations

Sandile Zungu, a South African businessman, is leading an investment consortium together with his firm Zungu Investments and former Glencore nickel trading executive Jason Kluk to acquire a 54.17% controlling stake held by Sumitomo Corporation in the Ambatovy nickel-cobalt project in Madagascar. Sumitomo has decided to exit the project after incurring cumulative losses of approximately $3 billion over the past 20 years and expects to record a one-off loss of about $445 million from the transaction, while retaining certain offtake rights. Sumitomo stated that it is confident the new shareholder structure, formed by Essenwood Partners and Zungu Investments, has the necessary technical and commercial expertise to operate the large-scale nickel-cobalt project profitably.

May 2, 2026 18:21

May 1, 2026 07:00

India to build a six-month strategic stockpile of lithium, cobalt and rare earths as demand rises

Amid sustained demand growth, India plans to build a strategic reserve of critical minerals including lithium, cobalt, nickel, copper and rare earths. The stockpile will be sized to cover six months of domestic consumption, aiming to guard against risks of global supply disruptions and sharp raw material price volatility. Led by India’s Ministry of Mines and Ministry of Heavy Industries, the reserve covers key raw materials essential for new energy vehicles, energy storage and the electronics sector, fields where India currently relies heavily on imports. At present, the United States, China, South Korea and other countries have already established strategic reserve systems for critical minerals.

May 1, 2026 07:00

Apr 30, 2026 23:00

[Geely's Gan Jiayue: Zeekr 9X to enter markets in the Middle East, Central Asia, and Europe from Q3]

On April 29, during Geely's Q1 2026 results conference, Gan Jiayue, CEO of Geely Auto Group, stated that the Zeekr 9X will be exported to the Middle East in June, launched in Central Asia in Q3, and enter the European market in Q4. Gan also revealed that the Zeekr 8X will be promoted in overseas markets from Q4 this year to Q1 next year. Data shows that in the first quarter, deliveries of the Zeekr 9X reached 22,000 units.

Apr 30, 2026 23:00