Meituan Invests in Power Batteries, Exploring Smart Car Field

$Sunwoda Electronic (300207.SZ)$ , the leading lithium-ion battery company in China, on August 25 disclosed a convertible bond loan and related party transactions of its subsidiary, Sunwoda Electric Vehicle Battery Co., Ltd. (Sunwoda EVB). $MEITUAN-W (03690.HK)$ appeared on the list of investors.

The investment layout of Meituan can cover almost the whole “life cycle” of a smart car, ranging from production to after-sales. At the same time, there is already a car maintenance services section on the Meituan app.

In addition, Meituan has previously invested in $Li Auto (LI.US)$ , a Chinese new energy vehicle manufacturer. “The future will belong to electric vehicles, so Meituan hopes to participate in it.”