Core Viewpoint - The lawsuit filed by Weir against Xiwanda Power highlights significant quality issues with battery cells delivered from June 2021 to December 2023, demanding compensation of 2.314 billion RMB, which poses a severe financial threat to Xiwanda [1][3][4] Financial Impact - The compensation amount of 2.314 billion RMB is nearly 90% of Xiwanda's projected net profit for 2023 and 2024, which is estimated at 16.05 million RMB [3][4] - Xiwanda's revenue has been increasing, but its profitability remains low, with net profits of 5.28 million RMB, 8.04 million RMB, 9.73 million RMB, and 16.05 million RMB from 2021 to 2024 [3][4] Industry Implications - The lawsuit could trigger a broader industry crisis, as it raises questions about the quality of Xiwanda's products, potentially affecting its relationships with other major clients like Li Auto, Xiaomi, and others [5][8][10] - The lawsuit may hinder Xiwanda Power's plans for an IPO, which was previously anticipated to provide necessary capital for growth and expansion [6][7][12] Customer Reactions - The quality allegations could lead to a loss of trust among Xiwanda's clients, prompting them to reconsider their partnerships and potentially shift orders to competitors like CATL and BYD [10][11] - The psychological impact of the lawsuit may cause clients to activate contingency plans, reducing their reliance on Xiwanda's batteries in future models [10][11] Broader Industry Context - Xiwanda's situation reflects the challenges faced by second-tier battery manufacturers in a market dominated by CATL and BYD, where aggressive pricing strategies have led to thin profit margins [12] - The lawsuit may serve as a catalyst for stricter supplier evaluations among automakers, further squeezing the operational viability of second-tier battery firms [12]

Core Viewpoint - Xiwanda (300207.SZ) announced that its subsidiary, Xiwanda Power, is facing a lawsuit from Weirui Electric Vehicle Technology (Ningbo) Co., Ltd. for quality issues related to battery cells delivered between June 2021 and December 2023, with claims exceeding 2.3 billion yuan [1] Group 1 - Weirui Power, established in 2017, has major shareholders from the Geely group, including Zeekr and Geely Auto [1] - The collaboration between Geely and Xiwanda Power began in April 2021, when Xiwanda received a letter of intent for the development of battery cells for the PMA platform project [1] - The PMA platform, developed jointly by Geely and Volvo, is a modular architecture for pure electric vehicles, utilized in brands such as Zeekr, smart, Volvo, and Geely Geometry [1]

Core Viewpoint - The lawsuit filed by Weir Electric Vehicle Technology against Xinwanda Power claims that the battery cells supplied from June 2021 to December 2023 have quality issues, leading to a compensation demand of approximately 2.314 billion yuan [2][4] Group 1: Company Background - Xinwanda was established in 1997 and is headquartered in Shenzhen, ranking sixth among Chinese power battery suppliers in the first three quarters of this year, while maintaining the number one market share in the global mobile phone battery market for five consecutive years [2] - Weir was founded in 2017, with its major shareholders being Geely Automobile and Zeekr, the latter being a brand under Geely [2] Group 2: Legal Proceedings - The lawsuit was officially received by Xinwanda Power from the Ningbo Intermediate People's Court on December 25, 2025, with Weir alleging that the quality issues of the battery cells caused significant losses [2] - Xinwanda has stated that while the lawsuit has been filed, the legal process will take time, and the claims made by Weir may not be fully substantiated [2] Group 3: Product and Quality Issues - The lawsuit is related to the Zeekr 001 model, with numerous complaints from Zeekr owners regarding battery capacity degradation, charging speed reduction, voltage instability, and power outages after 2-3 years of use [2] - In December 2024, Zeekr announced a free battery pack replacement for users experiencing abnormal battery health in the Zeekr 001 WE86 vehicles [2] Group 4: Financial Implications - The compensation amount claimed by Weir is significant, as Xinwanda's net profit for 2023 and 2024 is projected to be 2.544 billion yuan, which is only slightly higher than the 2.314 billion yuan claim [4]

Core Insights - The city of Zaozhuang is actively transforming its industrial landscape by focusing on the development of the new energy battery industry, which is seen as a strategic pivot for economic revitalization [2][5] - The rise of the lithium battery industry in Zaozhuang has attracted leading companies such as Xinwangda and Zhongchuang Xinhang, indicating the formation of a nascent industrial chain [2][3] - The local government emphasizes a modern industrial system termed "432," which aims to reshape regional confidence and development paradigms through the growth of the battery sector [3][5] Industrial Development - Zaozhuang's economic strategy includes not only the expansion of the new energy sector but also the elevation of traditional industries like chemical materials and food through intelligent and digital transformation [4] - The city aims to create a resilient modern industrial ecosystem that supports both emerging and traditional industries, highlighting a balanced approach to economic development [4][5] Talent and Education - The growth of the new energy sector is generating a strong demand for high-skilled talent, which is prompting innovations in local vocational education [3][5] - The focus on attracting upstream and downstream enterprises is part of a broader strategy to enhance the local workforce and educational infrastructure [3]

12月26日，欣旺达发布公告，其全资子公司欣旺达动力科技股份有限公司（下称"欣旺达动力"）因买卖 合同纠纷被威睿电动汽车技术（宁波）有限公司起诉，涉案金额高达23.14亿元人民币。根据公告，该 案已由浙江省宁波市中级人民法院正式立案受理，案号为（2025）浙02民初1870号，目前尚处于未开庭 审理阶段。 原告方主张，欣旺达动力在2021年6月至2023年12月期间交付的电芯存在严重质量问题，导致其遭受重 大经济损失，故提出包括赔偿损失、承担鉴定与律师费用及全部诉讼费用在内的多项诉求。 欣旺达在公告中称，截至公告披露日，公司及合并报表范围内子公司生产经营一切正常。本次诉讼尚未 开庭审理，后续判决结果存在不确定性，暂时无法评估对公司本期利润或期后利润的影响。公司将按照 企业会计准则规范，结合案件进展情况进行相应的会计处理，最终对公司利润的影响金额以会计师审计 确认后的数据为准。 此外，欣旺达称，正在积极寻求合理的处理方案，加强与相关方的沟通与协商，争取尽快妥善解决相关 诉讼事项。 公开资料显示，威睿公司创建于 2013 年，隶属于吉利控股集团，总部位于浙江宁波，是一家专业从事 新能源汽车动力电池、电驱动系统、充 ...

每日经济新闻消息，欣旺达（SZ300207）子公司欣旺达动力科技股份有限公司（以下简称欣旺达动 力）卷入了一场高达23.14亿元的诉讼案件。 超23亿元的诉讼金额，对于欣旺达而言并非小数目。记者查询发现，2024年，欣旺达实现营业总收入 560.21亿元，实现扣非净利润16.05亿元。今年前三季度，欣旺达则实现营收435.34亿元，实现扣非净利 润10.15亿元。这也意味着，其去年至今的扣非净利润可覆盖上述诉讼金额。 关于欣旺达动力与威睿电动的商业合作，此前欣旺达的公告披露不多。但根据欣旺达2021年4月公告， 其全资子公司欣旺达电动汽车电池有限公司成功获得威睿电动关于"PMA平台项目"的动力电池电芯开 发意向，成为其定点供应商。当时，欣旺达在公告中表示，公司将尽快安排与吉利汽车协商并签署相关 合同，做好后续推进工作。 记者查询发现，欣旺达电动汽车电池有限公司即欣旺达动力原名，而此次导致欣旺达动力卷入诉讼纠纷 的便是电芯，纠纷事项发生的起始时间2021年6月也与欣旺达动力成为定点供应商的日期接近。 曾计划独立上市，但尚未有结果 根据欣旺达12月26日晚间公告，威睿电动汽车技术（宁波）有限公司（以下简称威睿电动 ...

每经记者｜吴泽鹏 每经编辑｜段炼 魏官红 欣旺达（SZ300207）子公司欣旺达动力科技股份有限公司（以下简称欣旺达动力）卷入了一场高达23.14亿元的诉讼案件。 根据欣旺达12月26日晚间公告，威睿电动汽车技术（宁波）有限公司（以下简称威睿电动）认为欣旺达动力交付的电芯存在质量问题，因此发起诉讼，已 由浙江省宁波市中级人民法院立案受理。 《每日经济新闻》记者了解到，欣旺达曾计划将欣旺达动力分拆至深交所创业板上市，但截至目前尚无成果。此外，记者查询发现，欣旺达动力近两年营 业收入均超过100亿元，但也出现了较大的亏损，2023年、2024年分别亏损15.6亿元及18.7亿元。 威睿电动则是吉利汽车全资子公司，2021年4月，欣旺达动力成为威睿电动的定点供应商。 欣旺达子公司卷入巨额诉讼 记者查询发现，欣旺达电动汽车电池有限公司即欣旺达动力原名，而此次导致欣旺达动力卷入诉讼纠纷的便是电芯，纠纷事项发生的起始时间2021年6月 也与欣旺达动力成为定点供应商的日期接近。 资料显示，吉利汽车PMA平台是吉利和沃尔沃联合开发的纯电模块化架构，应用于极氪、smart、沃尔沃和吉利几何等品牌产品。 据第一财经报道，极氪00 ...

Core Viewpoint - XINWANDA Electronics Co., Ltd. announced that its subsidiary, XINWANDA Power Technology Co., Ltd., has been sued by Weir Electric Vehicle Technology (Ningbo) Co., Ltd. for quality issues related to battery cells delivered between June 2021 and December 2023, with a compensation claim of RMB 2.314 billion [1][3]. Group 1: Legal Issues - Weir Electric claims that the battery cells provided by XINWANDA Power caused losses due to quality problems [1]. - The lawsuit demands compensation of RMB 2.314 billion, plus interest from the date of filing until actual payment [1][3]. - Weir Electric is a subsidiary of Geely Holding Group, focusing on the development and manufacturing of electric vehicle power batteries and related systems [3]. Group 2: Company Background - XINWANDA is a lithium battery supplier founded in Shenzhen, ranking sixth among Chinese power battery suppliers with a cumulative installation volume of 16.49 GWh in the first three quarters of 2023, a year-on-year increase of 0.25% [3]. - The cumulative net profit attributable to shareholders for XINWANDA in 2023 and 2024 is reported to be RMB 2.544 billion, nearly equivalent to the compensation amount claimed by Weir [6]. Group 3: Historical Context - The relationship between XINWANDA and Weir began in 2021 when they jointly established a battery manufacturing company to supply Geely's high-end brands [6]. - In April 2023, XINWANDA and Weir signed a cooperation agreement for a supercharging project, coinciding with the launch of XINWANDA's new "flash charging battery" [6]. - Issues began to surface in late 2024, with complaints from owners of the Zeekr 001 WE86 model regarding slow charging and battery capacity degradation, leading to a recall-like battery replacement initiative by Zeekr [9].

Core Viewpoint - The lawsuit filed by Weirui Power against Xiwanda Power highlights significant quality issues with battery cells supplied by Xiwanda, leading to a claim exceeding 2.3 billion yuan, which is nearly equivalent to Xiwanda's net profit for 2023 and 2024 combined [3][4]. Group 1: Lawsuit Details - Xiwanda Power received a civil lawsuit from Weirui Power on December 25, 2025, alleging quality problems with battery cells delivered between June 2021 and December 2023 [3]. - Weirui Power, established in 2017 and backed by Geely, claims damages exceeding 2.3 billion yuan due to the alleged defects in the battery cells [3][4]. - The collaboration between Xiwanda and Weirui began in 2021, focusing on supplying battery cells for the PMA platform project developed by Geely and Volvo [3]. Group 2: Product Issues - The Zeekr 001, a key product using Xiwanda's battery cells, sold over 70,000 units in 2022, with the WE86 version accounting for more than 60% of sales [3]. - Customers reported issues with the Zeekr 001 WE86, including slow charging speeds and inaccurate battery level readings, indicating potential quality concerns [3][4]. Group 3: Company Response - In response to battery health concerns, Zeekr initiated a monitoring program and offered free battery replacements for affected customers, despite the issues not meeting warranty standards [4]. - Reports indicate that some customers received new battery packs labeled "CATL," suggesting a potential switch from Xiwanda's batteries to those from Contemporary Amperex Technology Co., Limited (CATL) [4]. - Xiwanda stated that the lawsuit has not yet gone to trial, and the outcome remains uncertain, with the company seeking to resolve the matter amicably [4].

Core Viewpoint - A subsidiary of XINWANDA, XINWANDA Power, is facing a lawsuit from Weirui Electric Vehicle Technology (Ningbo) Co., Ltd., claiming over 2.3 billion yuan due to quality issues with battery cells delivered between June 2021 and December 2023 [1] Group 1: Company Overview - XINWANDA announced the lawsuit on December 26, stating that the claim is based on alleged quality problems with battery cells supplied to Weirui Power [1] - Weirui Power, established in 2017, is primarily owned by companies within the Geely group, with Zeekr Automotive as the controlling shareholder and Geely Automobile as another major shareholder [1] Group 2: Partnership Background - The collaboration between Geely and XINWANDA Power began in April 2021 when XINWANDA Power received a letter of intent from Weirui Power for the development of battery cells for the PMA platform project [1] - The PMA platform, developed jointly by Geely and Volvo, is a modular electric architecture used in various brands including Zeekr, smart, Volvo, and Geely Geometry [1]