What’s Happening: EVE Energy, one of the world’s leading battery technology companies, has commenced operations at four battery production plants in Jingmen, Hubei province, totaling 73GWh of capacity, in response to growing market demand. The company held a commissioning ceremony and also broke ground for the construction of a 60GWh Super Factory in the central Chinese city.
Why It Matters: The launch of these battery plants will increase EVE’s production capacity for each product direction within the new energy industry chain. It will also alleviate supply shortages in the energy storage market, providing high-quality battery products with a cost advantage for the middle and high-end electric vehicle market. The move will promote the exploration of material recovery and recycling as part of the company’s environmental protection pledges.
- The four battery plants have a combined investment of over CNY 16.6 billion.
- The production facilities will manufacture LF280K batteries, large cylindrical power batteries, passenger-car standard lithium iron cells, integrated battery packs, energy storage products, and commercial-vehicle lithium iron cells.
- EVE Energy plans to start the 60GWh Super Factory project, which will be the world’s largest single-unit capacity factory with integrated and digital design, increasing capacity efficiency and reducing production costs.
- Upon completion, the super factory will have an annual production capacity of 60GWh of the next-generation flagship product LF560K batteries.
Bottom Line: EVE Energy’s launch of the four battery plants in Jingmen will increase the company’s production capacity and promote exploration of material recovery and recycling. The 60GWh Super Factory project will boost the city’s power storage battery capacity to over 200GWh, making it central China’s largest full life-cycle industry cluster for power batteries.