SUNWODA(SZ:300207) Guan Cha Zhe Wang·2026-01-13 09:17Core Viewpoint - The lawsuit involving Geely and Xinwanda, amounting to over 2.3 billion yuan, has escalated due to safety issues related to high-voltage battery units supplied by Xinwanda, affecting 10,440 Volvo EX30 vehicles in the UK [1][4]. Group 1: Lawsuit and Financial Implications - Geely's Zeekr brand filed a lawsuit against Xinwanda for over 2.3 billion yuan, equivalent to Xinwanda's cumulative net profit for 2023 and 2024 [4]. - The lawsuit highlights systemic quality control defects in Xinwanda's production line, raising concerns about battery reliability and internal testing protocols [4][5]. Group 2: Vehicle Safety Issues - Volvo UK has advised EX30 owners not to charge their vehicles above 70% until a permanent solution is found, following safety concerns linked to the high-voltage battery units [3][12]. - A fire incident involving a Volvo EX30 in Brazil has raised alarms, with preliminary indications suggesting a potential thermal runaway of the battery pack [6][7][8]. Group 3: Recall Actions - Multiple countries have initiated recalls for the Volvo EX30 due to potential overheating issues with the high-voltage battery, with the largest recall affecting 2,815 vehicles in Australia [9]. - The UK has not yet issued a recall, but there is growing pressure from affected owners, and dealers are forced to discount the impacted EX30 models [12].