Eve Energy to Invest 5 Billion Yuan in 50GWh Energy Storage Battery Production Base

Stock News04-07

Eve Energy Co.,Ltd. (300014.SZ) announced plans to sign an investment cooperation agreement with the Qidong Municipal People's Government. The agreement involves constructing a 50GWh energy storage (power) battery production base in the Qidong Economic Development Zone. The total investment for the project is approximately 5 billion yuan, with the final amount subject to actual capital expenditure. The facility will occupy about 332 acres of land. This collaboration is designed to leverage the respective resources and advantages of all parties involved. It aims to better capitalize on market opportunities in the energy storage and power battery sector, further expand production capacity, and optimize the company's industrial structure. The project will promote the company's development in the lithium-ion power battery market, enhance its influence and comprehensive competitiveness within the new energy industry, and aligns with the company's strategic development plan and the interests of all shareholders.

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