Chinese battery company EVE Energy plans to sign an agreement with the management committee of Yuxi High-Tech District in Yunnan Province on matters related to the company’s investment in local lithium battery production projects. This project features planned investment of 3 billion yuan ($444 million) for the construction of a 10GWh power energy storage battery facility.
Established in 2001, EVE has grown into a global lithium battery company which possesses core technologies and solutions for consumer, power, IoT and renewable applications.
The firm achieved operating income of 6.734 billion yuan ($996.63 million) in the first quarter of this year, a year-on-year increase of 127.69%. Net profit was 521 million yuan, a year-on-year decrease of 19.43%. Revenue growth is mainly due to the firm’s new production capacity in order to meet customer needs, and the scale of battery…
EVE Energy Invests $444 Million in Power Energy Storage Batteries – Pandaily
