EVE Energy

EVE Energy Co., Ltd., commonly known as EVE Energy, is a Chinese battery manufacturer founded in 2001 by Liu Jincheng and headquartered in Huizhou, Guangdong. The company develops and manufactures primary lithium batteries, rechargeable lithium-ion cells, battery packs, and related energy-storage products. Its business spans consumer batteries, power-tool cells, electric-vehicle batteries, commercial-vehicle applications, and grid and utility-scale energy-storage systems. The company became publicly listed on the Shenzhen Stock Exchange's ChiNext market in 2009. Over time, it expanded from consumer and specialty lithium batteries into large-format rechargeable cells for mobility and stationary storage. Its portfolio includes cylindrical, prismatic, and pouch formats, using chemistries such as lithium iron phosphate and nickel-manganese-cobalt materials. EVE supplies cells and battery-related products to customers and partners in China and overseas and is generally described as a Tier-1 battery supplier. A major phase of expansion began around 2018–2021, when EVE pursued automotive supply contracts, manufacturing joint ventures, and large capacity additions in China. Its Jingmen operations in Hubei became a central production base, with successive plans covering cylindrical and prismatic cells for power tools, vehicles, and energy storage. The company also announced or developed facilities and projects in Huizhou, Chengdu, Qujing, Shenyang, Jianyang, Qidong, and other Chinese locations. EVE has increasingly internationalized its manufacturing and commercial organization. It established regional operations in Singapore and Germany, announced a Malaysian plant for cylindrical cells, and planned a Debrecen, Hungary, factory intended to supply BMW's next-generation vehicles. In North America, it participated in Amplify Cell Technologies, a joint venture involving Accelera, Daimler Trucks & Buses, and Paccar to manufacture lithium-iron-phosphate cells for commercial vehicles in Mississippi. In 2024 the company announced regional headquarters covering China and several international regions, and its United States subsidiary launched a regional headquarters in California. The company also works across the battery value chain. Announced partnerships and investments have involved separator films, cathode and anode materials, lithium compounds, battery-management systems, battery modules, and complete energy-storage systems. Customers and commercial partners mentioned in public materials include Daimler, Powin, American Battery Solutions, ABB, Tesla, and other industrial and automotive companies. In 2025 EVE announced plans to seek a Hong Kong listing through an H-share issuance, subject to the applicable process and approvals. EVE's strategic positioning is based on a combination of battery-chemistry development, high-volume manufacturing, multiple cell formats, and international capacity. Public market studies cited by the company's reference materials have placed it among the world's significant energy-storage and electric-vehicle battery suppliers, although rankings and market shares vary by year, product category, and research provider.

EVE Energy was established in 2001 by Liu Jincheng in Huizhou, Guangdong. Its early business centered on lithium batteries for consumer and specialty applications. The company later broadened its technology base and product range to include rechargeable lithium-ion batteries, supporting applications such as power tools, consumer devices, electric vehicles, and energy storage. A key corporate milestone came in 2009, when EVE was listed on the Shenzhen Stock Exchange's ChiNext market. Publicly traded status supported investment in research, production infrastructure, and the transition toward larger rechargeable cells. During the late 2010s, the company began pursuing deeper involvement in automotive batteries. In 2018 it won a contract to supply traction batteries to Daimler over a ten-year period. In 2019 EVE announced a proposed 50:50 joint venture with SK Innovation for pouch-format automotive cells; in 2020 SK Innovation assumed loans associated with EVE United Energy in exchange for a stake in that subsidiary. From 2021 onward, EVE announced a succession of large manufacturing and research projects. In Huizhou it planned new prismatic lithium-iron-phosphate production and battery-management-system facilities. In Jingmen, Hubei, it disclosed phased expansions covering cylindrical LFP, prismatic NMC, and other cells for power tools, vehicles, and energy storage. Additional Jingmen projects involved separator-film production with Yunnan Energy New Material. EVE also announced a Chengdu research and manufacturing complex, a Qujing project for cylindrical LFP cells, and plans for facilities in Shenyang, Qidong, Jianyang, and other Chinese locations. The company pursued vertical and strategic integration during this period. Announced transactions and joint ventures involved lithium-carbonate and lithium-hydroxide producer Shandong Ruifu Lithium Industry, BTR Sichuan New Material Technology, cathode-material production with Hunan Zhongke Electric, and separator-film supply. These moves reflected the importance of securing materials and processing capacity as the electric-vehicle and energy-storage markets expanded. EVE also developed a substantial partner network. Powin agreed to purchase LFP cells for energy-storage systems, later expanding its agreements for projects including the Waratah battery-storage system in New South Wales. American Battery Solutions signed a purchase agreement for prismatic LFP cells. EVE signed or announced cooperation with ABB, Energy Absolute, Aksa Power Generation, and other industrial companies. In 2023 it joined Accelera, Daimler Trucks & Buses, and Paccar in establishing Amplify Cell Technologies, which planned a Mississippi plant for LFP cells used in North American commercial vehicles. International manufacturing became a more explicit objective in the 2020s. EVE announced a Malaysian facility in Kedah for 21700 cylindrical NMC cells used in power tools, two-wheeled vehicles, and cleaning devices. The plant produced its first cells in February 2025 and was described as the company's first operational battery plant outside China. EVE also announced a large Debrecen, Hungary, project intended to supply BMW's Neue Klasse vehicles with large cylindrical NMC cells and cell-to-pack systems. The company expanded regional commercial operations in Asia, Europe, and North America, including a US regional headquarters in California. In late 2024 EVE announced a supply agreement with an American customer, subsequently identified in public reporting as Tesla, for cells made by its Malaysian operation for energy-storage systems, with deliveries expected to begin in 2026. In June 2025 the company announced plans to pursue an H-share listing in Hong Kong. EVE's development therefore reflects a progression from a Chinese consumer-battery producer to a diversified, internationally expanding supplier of mobility and stationary-storage cells.

1. 2025First Malaysian production cells

   The Malaysian facility produced its first battery cells, marking EVE's first operational battery plant outside China.

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2. 2025Hong Kong listing proposal

   EVE announced a plan to seek a Hong Kong Stock Exchange H-share listing.

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3. 2024Global regional organization launched

   EVE announced the completion of several regional headquarters and continued international expansion.

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4. 2023Amplify Cell Technologies established

   EVE joined partners in an American venture intended to manufacture LFP cells for commercial vehicles.

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5. 2021Large-scale Jingmen expansion

   EVE announced successive expansion plans for its Jingmen battery facilities and additional Chinese capacity.

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6. 2019SK Innovation joint-venture plan

   EVE announced a proposed 50:50 venture with SK Innovation for pouch-format automotive cells.

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7. 2018Daimler supply contract

   EVE won a contract to provide Daimler with automotive traction batteries over ten years.

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8. 2009ChiNext listing

   EVE became publicly listed on the Shenzhen Stock Exchange's ChiNext market.

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9. 2001Company founded

   Liu Jincheng founded EVE Energy in Huizhou, Guangdong, China.

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A technology-focused, high-volume lithium-battery supplier serving consumer, mobility, commercial-vehicle, and stationary-storage markets.

• Primary lithium batteriesConsumer and specialty batteries

  Non-rechargeable lithium batteries for applications requiring long shelf life, compact dimensions, and dependable energy delivery. These products formed part of EVE's earlier business and remain distinct from its rechargeable automotive and storage-cell activities.

• Cylindrical lithium-ion cellsRechargeable battery cells

  Cylindrical cells used in power tools, cleaning devices, two-wheeled vehicles, electric vehicles, and other equipment. EVE produces cylindrical formats using chemistries including LFP and NMC, with production planned or operating in China and Malaysia.

• Prismatic LFP cellsElectric-vehicle and energy-storage cells

  Large-format lithium-iron-phosphate cells designed for vehicle, commercial-vehicle, and stationary-storage applications. EVE's announced projects include prismatic LFP production in China and the Amplify Cell Technologies program in the United States.

• Pouch-format automotive cellsAutomotive batteries

  Flexible-format rechargeable cells intended for automotive traction systems. EVE pursued pouch-cell manufacturing through its proposed and subsequent relationship with SK Innovation and has also supplied automotive customers through broader battery programs.

• Large-format NMC cells and packsElectric-vehicle batteries

  High-energy nickel-manganese-cobalt cells and cell-to-pack systems for passenger vehicles. The planned Debrecen facility is associated with 46 mm cylindrical NMC cells for BMW's Neue Klasse vehicle program.

• Energy-storage battery systemsStationary energy storage

  LFP cell, module, and battery offerings for grid, utility, commercial, and residential energy storage. EVE supplies cells to system integrators and storage developers, including Powin and American Battery Solutions, for projects in multiple markets.

• 2025Proposed Hong Kong H-share listingStrategy

  EVE's international expansion and capital requirements created a rationale for seeking an additional public-market listing.

  What changed. The board approved a proposal to pursue a listing of H shares on the Hong Kong Stock Exchange.

  Aftermath. The proposal remained subject to the applicable corporate, regulatory, and listing procedures.

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• 2023Establishment of Amplify Cell TechnologiesM&A

  EVE sought a North American manufacturing platform for commercial-vehicle batteries and partnered with major commercial-vehicle and powertrain companies.

  What changed. EVE joined Accelera, Daimler Trucks & Buses, and Paccar in the joint venture, with EVE holding 10 percent.

  Aftermath. The venture planned a 21 GWh Mississippi plant for LFP cells, with production targeted for 2026.

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• 2021Jingmen capacity expansionStrategy

  Demand from power tools, electric vehicles, and energy storage led EVE to expand its Hubei manufacturing base through several successive plans.

  What changed. The company announced new cylindrical and prismatic production lines and additional phased capacity in Jingmen.

  Aftermath. Jingmen became one of EVE's principal manufacturing hubs for power and storage batteries.

  Announced investment. CN¥21.91 billion expansion investment; total facility investment stated as CN¥30.5 billion (2021 announcement)

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• 2025EVE Energy announces Hong Kong listing plan

  The board approved a proposal to pursue an H-share listing on the Hong Kong Stock Exchange.

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• 2025EVE announces planned Hong Kong listing

  The board approved a proposal to pursue a Hong Kong listing and issue H shares.

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• 2024EVE Energy expands global regional organization

  EVE announced the completion of regional headquarters serving China, Asia-Pacific, and Southeast Asia, with further international offices planned or opened.

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• 2024EVE establishes global regional headquarters

  EVE announced seven regional headquarters and further planned offices as part of a formal global operating structure.

  Leadership change
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• 2024EVE launches United States regional headquarters

  EVE Energy US Holding LLC opened its U.S. regional headquarters in California.

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• 2023EVE Energy plans new Chinese battery factories

  The company announced projects in Sichuan and Yunnan with combined planned capacity of 43 GWh.

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• 2023EVE announces new Chinese battery plants

  The company announced projects in Jianyang and Qujing with a combined planned capacity of 43 GWh.

  Product generation
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• 2022EVE Energy announces material-supply investments

  EVE announced investments in lithium and anode-material companies to strengthen parts of its battery supply chain.

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• 2022EVE invests in lithium and anode-material suppliers

  EVE announced investments giving it minority stakes in Shandong Ruifu Lithium Industry and BTR Sichuan New Material Technology.

  M&A
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• 2021EVE Energy announces major expansion of battery capacity

  The company announced expansion plans covering facilities in Hubei and a new plant in Jiangsu, targeting additional cylindrical and other lithium-battery capacity.

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• 2021EVE announces major Jingmen and Qidong capacity expansion

  The company announced a large phased expansion in Hubei and a new 10 GWh project in Jiangsu, including cylindrical LFP production and additional vehicle and storage capacity.

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1. EVE Energy