How will the new energy storage capacity affect Eve?

The new capacity will effectively alleviate supply shortages in the energy storage market. Factory 14 in section 7 will produce large cylindrical power batteries, a strategic product for EVE.

Is EVE Energy a good investment?

Globally well-known energy research organization BloombergNEF (BNEF) published its Energy Storage System Cost Survey recently. With impressive performance in solutions, market share, financial status, and global services, EVE Energy ranked in the top3 in China and top6 globally on the Battery Bankability Survey.

What is Eve energy's lithium phosphate battery & liquid cooled energy storage solution?

The project adopts EVE Energy's lithium iron phosphate battery and liquid-cooled energy storage solution, and the power station has the ability and requirement to independently participate in auxiliary services such as grid frequency regulation and peak shifting.

What are EVE Energy Products?

EVE Energy's products for this investment project mainly include cylindrical lithium iron phosphate storage power batteries and 46 series of large cylindrical power batteries, which are mainly used in the field of energy storage and passenger cars. Recently, EVE Energy also helped 2GWh energy storage project to be put into operation.

How did EVE Energy perform in the first half of 2024?

According to the company's half-yearly report, in the first half of 2024, EVE Energy's operating revenue was 21.66 billion yuan, down 5.73% year-on-year, and its net profit was 2.137 billion yuan, down 0.64% year-on-year.

Where are Eve batteries made?

JINGMEN, China, Feb. 24, 2023 /PRNewswire/ -- EVE Energy ("EVE"; SHE 300014), one of the world's leading battery technology companies, has launched production at its sections 6, 7, 8, and 9 battery plants in Jingmen, Hubei province, totaling 73GWh of capacity, in response to significant growth in market demand.