Today, according to financial media reports, recent media coverage suggested that Volvo Cars initiated a global recall of its EX30 model in multiple countries and regions due to potential safety hazards in batteries supplied by battery manufacturer Sunwoda. In response, Sunwoda Chairman Wang Wei stated that the related online rumors are untrue. Wang Wei clarified that the battery packs in question were not supplied by Sunwoda—the relevant products were provided by a factory within Volvo's system. The battery cells were produced by a joint venture between Geely and Sunwoda (namely, Shandong Geely Sunwoda Co., Ltd.), in which Sunwoda holds a minority stake of only 30%.

Sunwoda's official statement also indicated that the aforementioned transaction is unrelated to Sunwoda Power. The EX30 electric vehicle battery packs subject to the reported Volvo recall were produced with cells from Shandong Geely Sunwoda Co., Ltd., supplied to Volvo's battery system provider. The battery system company then assembled them into complete battery packs for sale to Volvo.

According to informed sources, the battery packs, BMS (Battery Management System), thermal management, and structural components involved in this incident were all designed and manufactured by Geely's subsidiary, WeRide Electric Vehicle Technology (Ningbo) Co., Ltd. (hereinafter referred to as "Geely WeRide"). Corporate records show that this company is 51% owned by Zeekr Intelligent Technology Holding Limited and 49% by Geely Automobile Holdings Limited.

Previously, automotive industry media reported that on December 26, a subsidiary of Geely Holding Group, namely WeRide Electric Vehicle Technology (Ningbo) Co., Ltd., had filed a lawsuit against battery manufacturer Sunwoda, seeking compensation of 2.314 billion yuan for alleged battery quality issues.