SEVB
欣旺达动力
SEVB (欣旺达动力, Sunwoda Electric Vehicle Battery) is a Chinese power battery company and a portfolio member of Source Code Capital, which led its Series A round . The company has a deep manufacturing partnership with Li Auto: the two jointly developed battery packs, hitting a 100,000-unit production milestone at SEVB's Nanjing base in July 2024 , and in September 2025 signed a cooperation memorandum for SEVB to join Li Auto's RingOS open-source smart vehicle OS project as a partner . Source Code Capital lists SEVB among its representative investments alongside Li Auto, ByteDance, and Meituan .
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Coverage
Code Moment | Sunwoda Electronic Co.,Ltd. Power to Focus R&D on Next-Generation Aviation Solid-State Batteries
SEVB is leading the establishment of a provincial engineering research center for aviation power batteries, focusing on core solid-state aviation battery technology to empower Guangdong's low-altitude economy industrial upgrade.
Code View | Source Code Capital's Di Wang: When AI Factories and Robotics Reshape the Globe, the Next "Interstellar" Moment for Going Global
Focus is the core competitive advantage for Chinese companies expanding overseas today.
Source Code Capital closes new dual-currency growth fund at $600 million
Long-term support and companionship for the great enterprises of this era as they grow.
Code Brain | In Hangzhou, Witnessing the Rise of China's Smart Manufacturing and AI Enterprises
On September 23, Source Code Capital led more than 20 founders, CEOs, co-founders, and senior executives from its portfolio companies on visits in Hangzhou to Geely, Alibaba Cloud, and Manycore Tech — representatives of smart manufacturing and AI industries.
MaHui | SEVB and Li Auto sign cooperation memorandum to jointly advance smart vehicle OS technology evolution and ecosystem development
Code Moment | Sunwoda Electronic Co.,Ltd. & Li Auto Hit 100,000 Battery Pack Milestone!
MaHui members join forces to mark a milestone moment in EV manufacturing
