Sunwoda settles Geely unit Vremt battery lawsuit, flags up to $115 million profit hit
BEIJING, Feb 7, 2026, 03:20 Sunwoda Electronic’s subsidiary has settled a lawsuit with Vremt, the battery division of automaker Geely, over claims of defective EV battery cells. The Chinese lithium-ion battery maker now expects to cut its 2025 net profit by 500 million to 800 million yuan, down from the 2.31 billion yuan claim it revealed last December. https://www.reuters.com/world/asia-pacific/chinese-battery-maker-sunwoda-settles-lawsuit-with-geelys-battery-unit-2026-02-06/?utm_source=chatgpt.com