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.