RELEASE: EVE Energy executives share their thoughts on electric batteries in a forum

-EVE Energy executives share their ideas on the resistance of the industrial chain of electric batteries in a forum.

RELEASE: EVE Energy executives share their thoughts on electric batteries in a forum

-EVE Energy executives share their ideas on the resistance of the industrial chain of electric batteries in a forum

YIBIN, China, June 26, 2023 /PRNewswire/ -- EVE Energy, a leading lithium-ion battery manufacturer and energy storage solution provider, was on hand to demonstrate the company's industry expertise at the 2023 World Power Battery Conference, held from June 8 to 10 in Yibin (China). EVE Energy was honored with inclusion in the forum's "List of the world's companies that have contributed the most to the development of the industry" during the Global Night of Entrepreneurs.

Zhou Hongyan, Vice President and Regional President for Sichuan Province of EVE Energy, was invited to deliver a keynote address at the event on June 10. She shared her ideas on high quality and sustainable development of the industrial chain.

Attendees highlighted the importance of a closed-loop industrial chain and the clustering effect it entails. Through active collaboration with various partners, EVE Energy has established a strong strategic supply chain that can ensure the stability and profitability of nickel, cobalt and lithium resources, as well as other key materials.

EVE Energy has also demonstrated its commitment to digitalization by implementing advanced technologies in its factories. The company has successfully integrated manufacturing execution systems (MES) into production processes, facilitating complete information coverage across all operations, production, sales and service, while ensuring the highest product quality and In this way, it achieves a zero defect rate in beltpack batteries.

In his speech, Zhou Hongyan was optimistic about EVE Energy's prospects and underlined his commitment to the global transformation towards low-carbon and green mobility.

"EVE Energy has achieved stable development and remarkable achievements over the years," he said. "In the next three to five years, we anticipate moving into a new phase of high-quality development, collaborating with global institutions to promote the electrification of transportation, and contributing to the sustainable development of the electric battery industry chain."

With a strong foundation and a diversified business structure, EVE Energy has grown into a globally competitive, high-quality lithium battery manufacturer. With core technologies spanning power cell development and system integration, the company offers products and solutions spanning cells, modules, BMS, and systems. These products are widely used in new-generation passenger cars and commercial vehicles, as well as new-generation construction machinery, energy storage, and electric boats. It has formed a complete industrial chain of "Nickel Cobalt Lithium Mine - Battery Material - Battery Production - Battery Recycling - Battery Regeneration".

The company has achieved impressive results in recent years, with total revenue reaching $2.4 billion in 2021 and revenue from electric batteries exceeding $1.4 billion. By 2022, the company's revenues doubled annually to $5 billion.

EVE Energy is actively positioning itself as an upstream and downstream player to strengthen supply chain stability. The company has collaborated on investments with partners such as Jin Kunlun, Huayou Cobalt, BTR, Dynamic, Semcorp and Capchem to achieve a strong position in the industry chain.

The company also stated at the event how it is intensifying its efforts to achieve "proximate supply" during industrial collaboration. By separating the supply of raw materials, recycled materials and recycled batteries, EVE has perfected the process of recycling and utilizing waste materials and batteries at its Jingmen production base. In the future, this process could be expanded.

According to the keynote, EVE Energy has seized the opportunity to digitally modernize, leveraging the advantages to build digital and smart factories. This allows the company to optimize the allocation of resources in all aspects, throughout the value chain and throughout the industrial chain. By embracing digital transformation, EVE Energy proactively understands customer-perceived quality and promotes innovation and business transformation, while achieving internationalization of a high-quality and sustainable lithium battery business.

EVE Energy has established 2,856 production control points and traceability systems covering some 70 processes during electric battery manufacturing. This exhaustive control of the information related to the quality of the processes allows the company to trace and follow the entire life cycle of a product, reducing energy consumption. With a uniform ppb level across all products, the company strives for 100% customer satisfaction. Over the past five years, the company's beltpack batteries have supplied more than 20 GWh, powering more than 400,000 vehicles without any fire incidents or batch defects, along with a 0% failure rate for two consecutive years.

For more information about EVE Energy, visit https://www.evebattery.com/en.

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