An employee manufactures battery modules for power systems at a factory in Luoyang, central China’s Henan province, 5 December 2024. The company is busy fulfilling orders to strive to achieve good sales for the year. Photo: VCG

Chinese battery maker EVE Energy announced that an equipment move-in ceremony was held at its plant in Malaysia on Saturday, marking an important milestone in China’s efforts to develop its battery and new energy industries at home. ‘stranger.

The factory will focus on the production of cylindrical batteries for electric tools and electric bicycles, with an annual capacity of 680 million units. Production is expected to begin in the first quarter of next year, which will be EVE Energy’s first international facility ready to deliver mass production overseas. The company said the factory would expand its reach to Southeast Asia, Europe and North America.

EVE Energy has supplied more than 3 billion cylindrical batteries worldwide, highlighting its growing global presence.

China remains the world’s largest producer of lithium batteries. According to the China Power Sources Industrial Association, China exported 3.198 billion lithium-ion batteries from January to October, an increase of 5.6 percent year-on-year. October exports alone totaled 346 million units, an increase of 13.9% year-on-year.

Chinese battery manufacturers continue to expand their global footprint. On Tuesday, CATL, another Chinese battery producer, announced a joint venture with Stellantis for a large-scale battery factory in Spain. The 4.1 billion euro ($4.3 billion) investment is expected to start production by the end of 2026, with a potential capacity of 50 GWh. CATL said the facility would support growing demand for advanced batteries and global climate initiatives.

China has long supported exports of lithium batteries, electric vehicles and photovoltaic products. In January, the Central Committee of the Communist Party of China and the State Council jointly launched a plan to improve logistics and streamline exports through upgrading port facilities.

World Time