BRIEF-Sunwoda Electronic Plans New Energy JV, Electric Unit

March 25 (Reuters) - Sunwoda Electronic Co Ltd:

* SAYS IT AGREES TO INVEST 600 MILLION YUAN ($84.88 million) TO SET UP NEW ENERGY FIRM WORTH 1.0 BILLION YUAN WITH LOCAL GOVERNMENT

* SAYS IT WILL INVEST 100 MILLION YUAN TO SET UP ELECTRIC UNIT Source text in Chinese: https://bit.ly/3bpD725 Further company coverage: ($1 = 7.0686 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)