EVE Energy
Compare EVE Energy…EVE Energy Co., Ltd. provides lithium batteries in China and internationally for consumer electronics, EVs, and energy storage.
SectorsBatteries
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EVE EnergyEVE Energy Co., Ltd. provides lithium batteries in China and internationally for consumer electronics, EVs, and energy storage.
Key player in cylindrical and prismatic lithium cells serving consumer electronics, EVs, and energy storage applications. ~90 GWh production capacity with ~3.5% global market share, growing rapidly in large-format storage cells. Supplies BMW's cylindrical cell programs and is expanding into large-scale grid storage projects across Asia and Europe.
Key Milestones
Founded in Huizhou, Guangdong by Liu Jincheng with initial focus on lithium-thionyl-chloride (Li-SOCl2) primary cells for utility metering and oil-and-gas downhole instrumentation. The high-margin specialty primary business funded later expansion into rechargeable consumer cells, then EV power batteries — a chemistry-led growth path distinct from BYD or CATL's consumer-electronics roots.
Listed on Shenzhen ChiNext board — IPO raised RMB 480M, funding pivot from primary cells to lithium-ion rechargeable cells for power-bank, e-bike, and emerging EV markets. Becomes one of first pure-play battery names on China's growth-tech listing tier.
Won Daimler/Mercedes-Benz EV battery cell supply contract via European Auto cell JV with Daimler — initial scope C-pack for EQ-series compact EVs. Validates EVE Energy as Tier-2 automotive-grade outside China.
Began producing 4680/4695 large-cylindrical cells at Jingmen, Hubei pilot facility — first non-Tesla / non-Panasonic 4680 producer at meaningful pre-production volume. Initial 1 GWh/yr capacity targeting BMW Neue Klasse (later confirmed) and Chinese OEM design wins.
Cummins/Daimler Truck/PACCAR JV (Amplify Cell Technologies) announced for 21 GWh U.S. plant in Marshall County, Mississippi — first commercial-vehicle-OEM-led cell plant in North America. EVE Energy contributes prismatic LFP cell technology and operations expertise; commercial vehicles' duty-cycle requirements (long cycle life, thermal stability) align with LFP economics.
Launched Mr. Big — 628 Ah industry-leading prismatic ESS cell for grid-scale storage, designed for 5 MWh+ containers. Largest single-cell capacity on the market in 2024; targets Sungrow, China Three Gorges, Saudi Aramco, and Middle East ESS integrators.
BMW selected EVE Energy alongside CATL as Gen6 cylindrical-cell co-supplier for Neue Klasse — initial supply scope ~30 GWh/yr from Hungary Debrecen plant (joint with BMW). EVE's 4695 cell platform validated as Tier-1 European-OEM-grade.
Crossed 100 GWh annual ESS shipments — became #2 global battery storage supplier (behind CATL), surpassing BYD ESS, Samsung SDI ESS, and LGES ESS. Validates EVE's pivot to large-format ESS prismatic cells (Mr. Big 628 Ah) over the past 24 months.
Annual ESS shipments crossed 200 GWh; reported FY2025 ESS cell production share ~22% globally — #2 ESS supplier behind CATL (~36%). Reflects structural shift in EVE's revenue mix: ESS now >55% of cell revenue versus EV power batteries.
