RELEASE: EVE Energy will increase the production capacity of power batteries and energy storage

(Information sent by the signatory company).

RELEASE: EVE Energy will increase the production capacity of power batteries and energy storage

(Information sent by the signatory company)

-EVE Energy will increase production capacity of power batteries and energy storage to cope with the rapid growth of the industry

JINGMEN, China, Feb. 24, 2023 /PRNewswire/ -- EVE Energy ("EVE"; SHE 300014), one of the world's leading battery technology companies, has commissioned production at its battery plants in the sections 6, 7, 8 and 9 in Jingmen, Hubei province, with a total capacity of 73 GWh, in response to the significant growth in market demand. The company held a ceremony to celebrate its commissioning, while breaking ground on a 60 GWh super-factory, also in this central Chinese city.

During the ceremony, Dr. Yuan Dingding, Technical Director of EVE Lithium Iron Phosphate Batteries, presented the company's work on fast-charging technological innovations and its 130Ah LFP Cell product has seen applications in SUVs with the systems. 800V battery.

EVE's combined investment in the four production facilities that have come online is more than CNY 16.6 billion. The company's president, Dr. Liu Jincheng, commented that the completion and start-up of the plants in Sections 6, 7, 8 and 9 enables the company to possess sufficient production capacity for each product direction within the company. new energy industry chain.

Among the four new factories, Section 6 Factory 16 will produce LF280K batteries, the company's flagship product, mainly used in the field of electric energy storage. The new capacity will effectively alleviate the supply shortage in the energy storage market.

Factory 14 in section 7 will produce large cylindrical power batteries, a strategic product for EVE. The facility has a self-designed production line and highly intelligent equipment, providing the mid-range and high-end EV market with high-quality battery products with a cost advantage. The products have received letters of nomination from world-renowned car manufacturers.

Section 8 Factory 15 will produce passenger car standard lithium-iron cells and integrated battery packs, suitable for auto startups looking to build cars using smart factories. It promotes the exploration of recovery and recycling of materials as part of the company's environmental protection commitments with the use of green electricity.

Section 9 Factory 18 will manufacture lithium iron cells and energy storage products for commercial vehicles. Upon completion, supply capacity will increase in markets such as digital power, site power, photovoltaic energy storage, and logistics vehicles.

Since establishing Jingmen City as a production base in 2012, the company has made large investments and supported expansions in multiple areas of the industrial chain, creating the largest full-life cycle industrial cluster of electric batteries in central China. .

The company also announced at the ceremony its plans to commission the 60 GWh Super Factory project, a key step for Jingmen's battery energy storage capacity to exceed 200 GWh. Wei Na, General Manager of Lithium-Ion Battery Factory Planning Department, introduced the highlights of the facility. It is planned to be the world's largest unit capacity factory with integrated and digital design, which will greatly increase capacity efficiency and reduce production costs. Once completed, the super factory will have an annual production capacity of 60 GWh of the next generation of the flagship product, LF560K batteries.

For more information on EVE Energy's global production capacity, visit EVE Energy.

EVE Energy at Acerca

Founded in 2001 and listed in Shenzhen in 2009, EVE Energy has become a global player in the market, providing core technologies and end-to-end solutions for both consumer and power batteries, especially in the Internet of Things and Internet of Information. energy. At present, EVE Energy has built a research institute with 60 PhDs and more than 3,100 interdisciplinary R&D engineers in materials, electrochemistry, structure design and electronic circuit design, and has obtained more than 5,870 national patents in China. The company launched a carbon reduction roadmap with a series of low-carbon reduction efforts in energy use, manufacturing process, supply chain and resource management, and was named a "Green Factory National". Meanwhile, EVE Energy leverages its BIM technology to provide accurate and reliable data for project management, saving a total of 2,533 tons of standard coal and reducing 16,000 tons of CO emissions per year.

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