EVE Energy

Business

EVE Energy (惠州亿纬锂能股份有限公司) makes lithium batteries for consumer devices, vehicles and energy storage, plus battery materials. It describes itself as a maker across all scenarios and technology routes, from small cells for meters, tools and drones to large prismatic storage cells (2026 interim report, pp. 13, 14).

Results

In the first half of 2026 revenue rose 62.2% to ¥45.69bn and net profit attributable to shareholders rose 105.7% to ¥3.30bn (p. 8). By business, with gross margins (p. 19):

• Power batteries: ¥17.28bn, up 53.3%, at 16.19%.
• Storage batteries: ¥15.09bn, up 69.2%, at 12.51%.
• Battery materials: ¥6.87bn, up 140.7%, at 5.29%.
• Consumer batteries: ¥6.41bn, up 26.2%, at 22.64%.

The overall gross margin was 14.31%, down 3.02 points.

Position

Citing SNE Research, EVE says it ranked seventh in the world for power battery installations in the first half of 2026, with installations up 51.7%, and second in the world for commercial vehicle power batteries, up 65.3% (p. 14). Those are the company's reports of third-party rankings.

Expansion

It plans about 260 GWh of new iron-phosphate-lithium capacity in China at sites in several provinces, is building a base in Malaysia, and says its sodium-ion battery has reached commercial conditions, with batch deliveries to storage and light vehicles this year (pp. 13, 14).

Where it stands

EVE is a much smaller vehicle-battery maker than CATL, and its margins are lower in each line where both report them: 16.2% against 20.6% in power batteries, and 12.5% against 24.0% in storage.