On September 11, EVE Energy made an announcement:
On September 10, the Company's subsidiary Hubei EVE Power Co., Ltd signed AMENDMENT NO.1 TOMASTER PURCHASE AGREEMENT with American Energy Storage Innovations, Inc. and ABS has assigned the original agreement to AESI, according to this agreement EVE Power is expected to deliver approximately 19.5GWh of square lithium iron phosphate batteries to AESI.
It is also mentioned that the MASTER PURCHASE AGREEMENT entered into between the Company and ABS in respect of the Original Agreement is replaced by this Agreement and the contents agreed herein are subsequently executed in view of the fact that the contents of the Original Agreement have been included in the contents of this Agreement.
The announcement refers to the “original agreement signed between the company and ABS”, which refers to the 13.389GWh order from EVE Energy in June last year. On June 15, 2023, Huizhou EVE Energy Co., Ltd. Entered into the MASTER PURCHASE AGREEMENT with American Battery Solution (ABS), pursuant to which the Company expects to produce and deliver 13.389 GWh of square lithium iron phosphate batteries to ABS.
EVE Energy Aggressively Expands Battery Program
In 2024, EVE Energy to expand the energy storage market footsteps accelerated. It not only wins big orders overseas, but also actively expands battery projects at home.
On September 9, EVE Energy announced that it would issue convertible corporate bonds to unspecified parties (revised), and the total amount of this convertible bond coissue is RMB 5 billion. Among them, 3.1 billion yuan invested in 23GWh cylindrical lithium iron phosphate energy storage power battery project, 1.9 billion yuan invested in 21GWh large cylindrical passenger car power battery project.
EVE Energy's products for this investment project mainly include cylindrical lithium iron phosphate storage power batteries and 46 series of large cylindrical power batteries, which are mainly used in the field of energy storage and passenger cars.
Recently, EVE Energy also helped 2GWh energy storage project to be put into operation.
Recently, the first phase of Lingshou County Ruite New Energy 1GW/2GWh Flexibility Independent Energy Storage Project was formally completed and successfully connected to the grid and put into operation. This is the first independent energy storage project jointly constructed by EVE Energy and Beijing State Grid Power. The project adopts EVE Energy's lithium iron phosphate battery and liquid-cooled energy storage solution, and the power station has the ability and requirement to independently participate in auxiliary services such as grid frequency regulation and peak shifting.
According to the half-yearly report of the enterprise, in the first half of 2024, the lithium-ion lithium energy operating income of 21.66 billion yuan, a year-on-year decline of 5.73%, net profit of 2.137 billion yuan, a year-on-year decline of 0.64%.
According to the company's half-yearly report, in the first half of 2024, EVE Energy's operating revenue was 21.66 billion yuan, down 5.73% year-on-year, and its net profit was 2.137 billion yuan, down 0.64% year-on-year.
Energy storage battery, first half revenue of 7.774 billion yuan, an increase of 9.93% year-on-year, gross profit margin of 14.38%, a decline of 1.25% year-on-year, January-June energy storage battery shipments of 20.95GWh. data show that EVE Energy ranked in the global energy storage battery cell shipments TOP2, compared with the global energy storage battery cell shipments in 2023 ranked by one forward.
Source: https://mp.weixin.qq.com/s/Oo53_9GRzmyDM0mmbCjaVg