SUNWODA(SZ:300207) Jing Ji Guan Cha Wang·2025-12-28 05:07Core 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]