EVE Energy will increase production capacity to meet rapid growth

24 February 2023, 16:21:04

EVE Energy has launched production at its sections 6, 7, 8, and 9 battery plants in Jingmen, Hubei province, totaling 73GWh of capacity, in response to significant growth in market demand. The company held a ceremony to mark their commissioning, while also breaking ground for the construction of a 60GWh Super Factory, also in the central Chinese city.

EVE's combined investment in the four production facilities that entered operations totals more than CNY 16.6 billion. Company Chairman Dr. Liu Jincheng commented that completing and commissioning the 6, 7, 8, and 9 sectional plants enables the company to possess sufficient production capacity for each product direction within the new energy industry chain.

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

Factory 14 in section 7 will produce large cylindrical power batteries, a strategic product for EVE. The facility features a self-designed production line and highly intelligent equipment, providing the middle and high-end electric vehicle market with high-quality battery products with a cost advantage. The products have received nomination letter from global renowned automotive manufacturers.

Factory 15 in section 8 will produce passenger-car standard lithium iron cells and integrated battery packs, suitable for the newer car companies looking to build cars using smart factories. It promotes the exploration of material recovery and recycling as part of the company's environmental protection pledges with green electricity used.

Factory 18 in section 9 will produce energy storage products and commercial-vehicle lithium iron cells. After its completion, it will increase supply capacity in markets such as digital energy, site energy, photovoltaic energy storage and logistics vehicles.

Since settling on the city of Jingmen for its production base back in 2012, the company has made comprehensive investments and supported expansions in multiple areas of the industry chain, creating central China's largest full life-cycle industry cluster for power batteries.

The company also announced plans at the ceremony to start the 60GWh Super Factory project, a key step for Jingmen's power storage battery capacity to break through 200GWh.

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