Eve Energy

Eve Energy US will hold a 10 percent stake in the joint venture, which will produce batteries primarily for use in designated North American commercial vehicle segments.

Eve Energy will set up a joint venture in Thailand under which it will build a battery production base with a capacity of at least 6 GWh.

Eve Energy will build a project for large cylindrical batteries for passenger cars in Hungary over a four-year construction period.

The battery plant will support electric two-wheeler and power tool manufacturers in Malaysia and Southeast Asia, Eve Energy said.

Eve Energy sealed a battery cell supply relationship with BMW last September to supply large cylindrical lithium-ion cells for the latter's Neue Klasse line of vehicle models.

The battery allows for a 50 percent reduction in the number of cells and a 47 percent reduction in the number of Pack parts, resulting in a 30 percent increase in productivity, according to Eve Energy.

Eve Energy plans to build a new 21700-type cylindrical battery production facility in Malaysia to support local and Southeast Asian electric two-wheeler and power tool manufacturers.

Eve Energy said it has finalized a cell supply relationship with BMW to provide large cylindrical lithium-ion cells for the latter's Neue Klasse line of models.

Eve Energy plans to invest RMB 3 billion ($444 million) in a 10 GWh power battery project in Yunnan.

The project, located in Chengdu, Sichuan province, will include a 50 GWh per year power and energy storage battery production site, as well as a local research institute.