Sunwoda and Geely have reached a settlement, which is expected to impact net profit by 500-800 million yuan.

Sunwoda Electronic Co., Ltd. announced that its subsidiary, Sunwoda Power Technology Co., Ltd., has reached a settlement with VIRUI Electric Vehicle Technology (Ningbo) Co., Ltd., a subsidiary of Geely Holding Group. According to the settlement agreement, Sunwoda Power will pay VIRUI the remaining amount of RMB 608 million, to be settled within five years. This event is expected to impact Sunwoda's net profit attributable to shareholders in 2025 by RMB 500-800 million.