EVE Energy’s energy storage shipments rank second globally

On August 19, EVE Energy put a set of first-half figures on the table: revenue of 45.691 billion yuan, up 62.20% year on year, and net profit attributable to shareholders of 3.301 billion yuan, up 105.66%. The more notable change was in energy storage batteries. SNE Research data showed that the company shipped 48GWh in the first half, with a market share of 10.4%, raising its global ranking to second from third in 2025.

This was about more than increased shipments. EVE Energy said its 628Ah Mr.Big ultra-high-capacity cell has entered the large-scale delivery stage. The company is the first in the world to achieve mass production of large prismatic lithium iron phosphate energy storage batteries with capacities above 600Ah. Increasing cell capacity means that a single energy storage battery unit can store more electricity, but the report did not disclose the specific impact on overall system costs. The actual effect will still depend on the performance of deployed projects.

Power batteries are also moving toward product deployment. First-half power battery shipments reached 35.76GWh, up 66.47% year on year, while installation volume ranked seventh globally, according to SNE Research data. 46-series large cylindrical batteries have entered mass production and vehicle installation and become the launch battery supplier for BMW’s next-generation models. In commercial vehicles, the company’s coverage of the top 10 commercial vehicle manufacturers in China reached 90%, while it covered all of the top 10 heavy-duty truck customers.

For users and the industrial chain, the change is that energy storage batteries are moving beyond competition centered on individual products and into the large-scale delivery of high-capacity cells. EVE Energy is also expanding from a power battery supplier into a company whose growth relies simultaneously on its consumer, power and energy storage businesses. The company said sodium-ion batteries have reached commercial readiness and are expected to begin volume deliveries for energy storage and light-duty power applications within the year. But “expected” does not mean deliveries have already begun; the timing and scale still need to be verified.

The expansion is continuing. EVE Energy plans to add approximately 260GWh of large LFP capacity in China, with sites selected in Guangdong, Hubei, Jiangsu, Fujian and Zhejiang. Construction of its production base in Malaysia is accelerating, while its power battery base in Hungary is also progressing. The company’s first-half R&D spending was 1.702 billion yuan, up 34.96% year on year, with more than 6,000 R&D employees and a combined total of more than 17,000 domestic and international patents granted or pending. Some of this capacity remains in the planning or construction stages and cannot be regarded as actual production already in place.