0746 GMT - EVE Energy's solid growth in electric vehicle and energy-storage-system battery shipments in 2Q is likely to continue in 2H, Nomura analysts say in a research report. The Chinese company's 2025 shipments of EV and ESS batteries are expected to grow by 65% to 50GWh and 49% to 75GWh, respectively, the analysts say. Its EV battery shipments should increase by 35% to 68Gwh in 2026, driven by a ramp-up of large-sized cylindrical batteries. Nomura lifts its 2025-2027 revenue forecasts for the battery manufacturer by 4%-11% on higher EV and ESS battery shipment assumptions. It raises the stock's target price to CNY62.00 from CNY58.00 with an unchanged buy rating. Shares last 2.8% higher at CNY49.87. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 25, 2025 03:46 ET (07:46 GMT)
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