Reports indicate that EVE is in talks to invest in building an electric vehicle battery factory in Coventry, UK.
According to insiders, EVE is reportedly in advanced negotiations to invest at least GBP 1.2 billion in constructing an electric vehicle battery factory in Coventry, UK. The initial production capacity is designed to be 20GWh, with plans to expand to 60GWh, making it twice the scale of Nissan's Sunderland battery factory and positioning it as the largest super factory in the UK. Insiders suggest that relevant agreements are expected to be signed "in the coming weeks".
Established in 2001, EVE primarily manufactures three categories of battery products, including lithium primary batteries, small lithium-ion batteries, cylindrical batteries, as well as power batteries and energy storage batteries for new energy vehicles and their battery systems. In recent years, it has rapidly emerged as a leading enterprise in the research, production, and sale of lithium batteries. In 2005, EVE broke the foreign monopoly by developing a large-scale production process for lithium iron phosphate batteries, becoming the fifth company globally capable of independently producing these batteries on a large scale. By 2008, EVE secured the leading position domestically in lithium iron phosphate batteries and successfully went public on the Growth Enterprise Market in 2009.
Since its listing, EVE has continually expanded into new businesses, targeting the vaporized electronic cigarette market and collaborating with specialized e-cigarette vaporization companies such as Mowell International. EVE also became a major shareholder in Mowell International, and within a few years, Mowell International's stock price tripled, resulting in significant profits for EVE at that time.
Subsequently, EVE expanded its presence in the power battery and fuel cell fields. The chairman of EVE, Liu Jincheng, stated, "Wherever there is intelligent living associated with our technology, there is the presence of EVE's lithium batteries. Our consumer batteries support the energy requirements of the country's Internet of Things development in terms of components, and we are important suppliers of key energy devices."
As a leading global lithium battery enterprise, EVE has always had an international perspective in its global layout. As of now, EVE has established sales companies and offices in regions such as the United States, Germany, and has set up sales companies and production bases in Malaysia. In December of last year, EVE's Singapore subsidiary was officially established in the Marina Bay Financial Centre (MBFC) in Singapore, marking a new phase in EVE's global layout.
At the time of writing, EVE's stock is priced at CNY 39.82 per share, with a total market value of CNY 81.461 billion.