On December 26, Xinwangda announced that its subsidiary Xinwangda Power received a civil complaint on December 25, and the plaintiff in the case was Weirui Electric, a Geely company.
The announcement showed that Weirui Electric believed that the batteries delivered by Xinwangda Power from June 2021 to December 2023 had quality problems, and demanded that Xinwangda Power compensate for the loss of about 2.314 billion yuan. In December
2024, some users reported that Geely's car brand polar krypton 001WE86 model generally appeared, such as charging speed drop, voltage instability, battery capacity attenuation, false endurance label and so on.
Therefore, some people in the industry speculate that the polar krypton 001WE86 model is likely to carry the core of Xinwangda. However, there is no official information to disclose whether the Xinwangda lawsuit is related to the Krypton 001WE86 battery problem.
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