EVE Energy is listing on the Hong Kong Stock Exchange (HKEX)

EVE Energy is currently the 4th or 5th largest Lithium battery manufacturer in China that is based on 2024/2025 sales figures and revenues. That places them at around the 10th largest global battery manufacturer, but in terms of LFP chemistry probably around 3rd or 4th Globally, as LFP is really dominant in China, and the rest of the world is still mostly producing NMC or NCA, with its higher energy density.

Eve Energy announced on June 9, 2025 its board approval to issue H-shares for a HKEX listing to bolster its international brand, following 8.3 GWh of global EV battery installations in early 2025 cnevpost.com.

Other chinese battery companies who have already or are planning the same

  1. CATL completed a US$4.6 billion secondary listing in May 2025, the largest IPO of the year
  2. CALB went public in October 2022, raising HK$10.1 billion with its HK$38-per-share IPO cnevpost.com.
  3. Rept Battero Energy debuted on December 18, 2023 under ticker 0666, raising HK$2.0 billion at HK$18.30 per share cnevpost.com.
  4. BYD’s Date of IPO: 31 July 2002 inaugural public offering aimed to raise capital for expansion beyond batteries into automotive manufacturing, shortly before acquiring Xi’an Qinchuan Automobile in January 2003 en.wikipedia.org. BYD is the Tesla of China, vertical integration, they make almost 100% of the parts inside their own Electric vehicles
  5. SVOLT – The sister company of GWM (Great Wall Motors) , if you don’t already know they have plans to capture some of BYD’s market share. In Australia you might see their battery in the GWM Cannon Alpha ute, though SVOLT does make a considerable number of NMC battery packs, and the Cannon Alpha is not LFP like the BYD. SVOLT like BYD does make a few Blade batteries, and we at LiFePO4 Australia have supplied those to customers before.

EVE ENERGY

Founded in 2001 and headquartered in Huizhou, Guangdong, EVE Energy has established itself as a key player in the lithium-ion battery industry, catering to both electric vehicles (EVs) and energy storage systems. As of the first four months of 2025, the company held a 2.7% share of the global EV battery market, ranking ninth worldwide.

EVE Energy’s international footprint includes significant investments and partnerships:

  • Malaysia: A new battery plant in Kulim District, Kedah, began operations in February 2025, producing 21700 cylindrical-format NMC battery cells.
  • Hungary: Construction is underway for a battery factory in Debrecen, set to supply BMW’s next-generation vehicles with 46mm diameter cylindrical NMC cells.
  • United States: Through a joint venture named Amplify Cell Technologies, EVE Energy is establishing a battery manufacturing facility in Mississippi to serve the North American commercial vehicle market.
  • Global Offices: The company has launched regional headquarters across various regions, including Asia-Pacific, Southeast Asia, and the Americas, to bolster its global operations.

Hong Kong Listing: A Strategic Move

The decision to list on HKEX aligns with EVE Energy’s goal to access international capital markets and support its global expansion. The company has received board approval for the issuance of H-shares and is collaborating with intermediaries to facilitate the listing process. This move follows similar strategies by other Chinese battery manufacturers, such as CATL, which successfully raised approximately $4.6 billion through its Hong Kong listing in May 2025. globaltimes.cn+2ess-news.com+2apnewsweek.com+2 channelnewsasia.com+1morningstar.com+1

Implications for the Industry

EVE Energy’s Hong Kong listing is indicative of a broader trend among Chinese battery manufacturers seeking to diversify funding sources and enhance their global presence. By tapping into international capital markets, these companies aim to accelerate their expansion and innovation efforts, contributing to the global advancement of electric mobility and energy storage solutions.

As EVE Energy progresses with its listing plans, investors and industry observers will be closely monitoring the company’s performance and its impact on the competitive landscape of the global battery industry.