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Sunwoda has made an announcement stating that its subsidiary, Sunwoda Electric Vehicle Power Battery, is set to amplify its capital and share capital by welcoming Li Auto as a new investor. Li Auto will contribute a substantial 2.65 billion yuan to subscribe for the newly increased registered capital, thereby securing an 8.79% stake in the company post-capital increase. Following this capital injection, Sunwoda's ownership stake in Sunwoda Electric Vehicle Power Battery will see a slight dilution, dropping from 26.38% to 24.06%. It's worth noting that prior to this move, Sunwoda Electric Vehicle Power Battery had already successfully concluded its Series C+ capital increase, attracting strategic investors of the caliber of Sungrow Power Supply and Tianqi Lithium.
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