According to Official Ammount @qd-Lib, on April 8th, EVE Energy announced that its wholly-owned subsidiary, EVE Hungary, recently received a building permit decision issued by the Debrecen City Government in Hungary, allowing EVE Hungary to establish a battery manufacturing plant in Debrecen. This signifies substantial progress for another of EVE Energy's overseas factories, which will now enter the construction phase.
Amidst the wave of globalization, EVE Energy has been strategically establishing multiple overseas bases, including factories in Malaysia and Hungary, as well as a joint venture factory in the United States. Notably, the Hungarian factory marks EVE Energy's first battery plant investment in Europe.
Looking back, in June 2023, EVE Energy announced its intention to locate a 450,000 square meter production base for large cylindrical batteries for passenger cars in Debrecen, Hungary, with a total investment not exceeding 1.307 billion euros and a construction period of four years. The announcement stated that this project would facilitate a rapid response to the demand for new energy vehicle battery components from key local customers in Hungary, while also serving surrounding areas and securing more orders from European customers in the vicinity.
It is reported that the large cylindrical batteries produced at the Debrecen, Hungary plant will be supplied to BMW's Debrecen factory. In September 2022, EVE Energy secured a designation from the BMW Group to supply large cylindrical lithium-ion battery cells for the German BMW Group's Neue Klasse series models.
By November 2024, EVE Energy announced that it was currently building an advanced battery factory in the Northwest Industrial Zone of Debrecen, Hungary. The project is expected to be completed and put into production in 2027, with an annual production capacity of 30 GWh, potentially creating approximately 1,000 local jobs.
In the same month, EVE Energy, Wuhan University, and the University of Debrecen in Hungary signed a memorandum of understanding for cooperation. It is anticipated that by the third quarter of 2027, practical training bases will be established in Debrecen, Hungary, and Jingmen, Hubei, China, to further deepen industry-university-research collaboration and jointly cultivate high-quality professionals. Additionally, the three parties will jointly apply for research projects, regularly hold technical exchange meetings, and promote the accelerated transformation of scientific research achievements into industrial applications.
Thus far, EVE Energy's layout in Debrecen, Hungary, has been further deepened, accelerating the progress of its battery project.
According to observations by Starting Point Lithium Battery, EVE Energy's projects in Malaysia and the United States have also seen new developments.
As of February 2025, the first battery rolled off the production line at EVE Energy's Malaysia factory. This factory is the first phase of the "International Cylindrical Battery Industrial Park" project, primarily producing cylindrical batteries for power tools and electric two-wheelers, and already has an annual production capacity of 680 million cells.
The second phase is an "Energy Storage Project." In January 2024, EVE Energy and INVEST KEDAH BHD. signed a memorandum of understanding in Huizhou, intending to establish EVE Energy Malaysia Energy Storage Co., Ltd. and acquire new land for the second phase to commence the construction of an energy storage factory.
As of June 2024, the ACT company project, a joint venture between EVE Energy and Cummins, Daimler Truck, and PACCAR in the United States, officially commenced construction. The project has an annual production capacity of approximately 21 GWh, producing square-shaped lithium iron phosphate batteries mainly for designated North American commercial vehicle applications, and is expected to begin shipments in 2026.
Furthermore, EVE Energy's US regional headquarters was officially inaugurated in September 2024.
It is worth noting that the international trade environment and rules are currently volatile. In particular, starting April 9th, the US government will cumulatively increase tariffs on動力 lithium battery products exported from China to 82.4%, and on energy storage lithium batteries to 57.4% (which will further increase to 82.4% in 2026).
In response, EVE Energy stated that its current direct exports to the United States account for less than 4%. In the short term, the company mainly uses the FOB (Free on Board) model for settlement with US customers, under which the company does not bear the tariff costs. Therefore, the current tariff policy does not impact the delivery costs of existing contracts.
Meanwhile, EVE Energy stated that it will accelerate the completion of its global layout and overseas capacity construction, strengthen the first-mover advantage of its overseas factories, collaborate effectively with overseas customers, and continue to leverage the advantages of its CLS (Cooperative Licensing and Service) business model to meet the battery supply needs of overseas customers through technology licensing and services.
Source：https://mp.weixin.qq.com/s/JUA_5zlvB8k6QCapRz_Tsg
