A strategic partnership agreement has been formally signed in Beijing between China Railway Beijing Engineering Bureau Group Co., Ltd. and EVE Energy Co., Ltd. During the ceremony, both parties engaged in comprehensive discussions covering collaborative aspirations in the new energy sector, the practical applications of energy storage technology, and synergies in infrastructure development, ultimately reaching a consensus on establishing a long-term, stable strategic alliance.
Adhering to a philosophy of complementary advantages, enduring cooperation, mutual benefit, and shared growth, the two companies have agreed to set up a dedicated working mechanism for project liaison. They aim to jointly seize opportunities presented by the new energy landscape, having committed to a collaboration scale of no less than 5 GWh for energy storage projects over the next three years.
Prior to this agreement, EVE Energy had already forged strategic alliances in the energy storage arena with entities such as Beijing State Grid Technology, Arctech Solar, Goldwind Zero Carbon, and Jinko Solar Energy Storage. These ongoing partnerships underscore the company's rapid and sustained expansion in its storage business segment.
Established in 2001 and listed on the ChiNext board of the Shenzhen Stock Exchange in 2009 as part of the initial batch, EVE Energy has undergone 24 years of rapid development. It has evolved into a globally competitive lithium battery platform company, holding core technologies and comprehensive solutions spanning consumer batteries, power batteries, and energy storage batteries.
Initially, EVE Energy's battery shipments were predominantly focused on power batteries. However, with the explosive growth of the energy storage market, the company has progressively refined its product matrix for storage batteries. It now offers a full suite of solutions, ranging from cells and modules to systems and Battery Management Systems, complemented by smart operations services for user-side storage.
In 2025, EVE Energy recorded power battery shipments of 50.15 GWh and energy storage battery shipments of 71.05 GWh. For the first time, annual shipments of storage batteries surpassed those of power batteries. In the first half of 2026, the company achieved revenue of RMB 45.691 billion, marking a 62.20% year-on-year increase, while net profit attributable to shareholders reached RMB 3.301 billion, soaring 105.66% year-on-year.
Regarding shipment volumes during this period, power batteries totaled 35.76 GWh (up 66.47% year-on-year), and storage batteries reached 44.46 GWh (up 54.88% year-on-year).EVE Energy has indicated that its current order book for storage solutions is robust, with existing orders already surpassing current production capacity.
Looking ahead, the company anticipates a significant surge in storage shipments next year, contingent primarily on the pace of capacity release. In terms of regional dynamics, the overseas share is expected to climb this year, largely driven by increased volume from international clients. The growth within the company's storage segment is primarily concentrated in emerging fields such as grid-scale power storage, grid-forming storage, and AI Data Center applications.