Core Viewpoint - EVE Energy has signed a three-year strategic cooperation memorandum with Vimab BESS AB to collaborate on a 1.48GWh energy storage project in Northern Europe, followed by a significant order acquisition [1] Group 1: Strategic Partnerships - China Gas and EVE Energy held a strategic cooperation signing ceremony on December 2, focusing on three core areas of collaboration [2] - The partnership aims to leverage China Gas's strengths in distributed energy and EVE Energy's leading capabilities in battery solutions to develop energy storage systems and biomass energy coupling technologies [4] - The agreement includes a plan to achieve an order replacement of 1GWh battery cells or energy storage products within one year, covering domestic and international projects of China Gas [4] Group 2: Project Development and Market Expansion - Both companies plan to jointly develop projects in commercial energy storage, mobile energy storage, heavy-duty vehicle battery swapping, and zero-carbon parks, with gradual expansion into overseas markets [4] - China Gas is expected to explore market opportunities in industrial and independent energy storage, electric heavy-duty vehicle batteries, and mobile energy storage over the next three years, providing substantial project demand for the partnership [4] Group 3: Cost Reduction and Clean Energy Solutions - EVE Energy will utilize solutions provided by China Gas for its factories in Yunnan, Hubei, and Malaysia, ensuring biomass gas, steam, and new energy supply, significantly reducing production costs while achieving clean energy substitution [4] - Previous collaborations between EVE Energy and China Gas have successfully validated the feasibility of technology integration and business models through landmark projects like the 40MW/80MWh energy storage station in Changsha [4]

证券代码：300014 证券简称：亿纬锂能 公告编号：2025-159 惠州亿纬锂能股份有限公司 关于向特定对象发行股票解除限售上市流通的提示性公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1、本次拟解除限售的3名发行对象（亿纬控股、刘金成、骆锦红）承诺自公司本 次发行结束之日（指本次发行的股份上市之日）起，36个月内不转让其本次认购的股 份。 2、截至本公告披露日，本次申请解除限售的 3 名发行对象严格履行了上述承诺， 未发生违反上述承诺的情形。 1、本次解除限售的股份为惠州亿纬锂能股份有限公司（以下简称"公司"）2022 年 12 月 6 日在深圳证券交易所创业板上市的向特定对象发行股票。 2、本次申请解除限售的股东共 3 名，系公司控股股东西藏亿纬控股有限公司（以 下简称"亿纬控股"）、实际控制人刘金成先生、骆锦红女士，本次解除限售股份数 量 142,970,611 股，占截至 2025 年 11 月 28 日公司总股本 2,073,357,895 股的 6.8956%。 3、本次申请解除限售的股东发行时承诺的限售期为 36 个月，本次 ...

中信证券股份有限公司 关于惠州亿纬锂能股份有限公司 向特定对象发行股票解除限售上市流通的核查意见 中信证券股份有限公司（以下简称"中信证券"）作为惠州亿纬锂能股份有 限公司（以下简称"亿纬锂能""公司"）2022 年度向特定对象发行股票（以 下简称"本次向特定对象发行"）的保荐人，根据《证券发行上市保荐业务管理 办法》《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律 监管指引第 2 号——创业板上市公司规范运作》等相关法律、法规和规范性文件 的规定，对公司向特定对象发行股票解除限售上市流通进行了核查，发表如下核 查意见： 1 1、本次拟解除限售的3名发行对象（亿纬控股、刘金成、骆锦红）承诺自公 司本次发行结束之日（指本次发行的股份上市之日）起，36个月内不转让其本次 认购的股份。 2、截至本公告披露日，本次申请解除限售的 3 名发行对象严格履行了上述 承诺，未发生违反上述承诺的情形。 3、本次申请解除限售的股东均不存在非经营性占用公司资金的情形，公司 对其不存在违规担保情况。 三、本次解除限售股份的上市流通安排 一、本次申请解除限售股份的基本情况 经中国证券监督管理委员会《关于同意惠州亿纬锂能 ...

Core Viewpoint - The strategic partnership between China Gas Holdings Limited and EVE Energy Co., Ltd. aims to advance energy storage technology, biomass technology, and green clean energy applications to support the achievement of carbon neutrality goals [1][3]. Group 1: Partnership Overview - A strategic cooperation agreement was signed between China Gas and EVE Energy, marking the establishment of a comprehensive partnership [1]. - The partnership is built on previous successful collaborations, including the 40MW/80MWh energy storage station at BASF's Changsha base and the 20MW/45MWh energy storage station at Jiangyin Haida Rubber and Plastics [3]. Group 2: Areas of Cooperation - The collaboration will focus on three core areas: 1. **Technology Development**: China Gas will leverage its strengths in distributed energy and biomass, while EVE Energy will contribute its leading position in battery solutions to develop energy storage systems and biomass energy coupling technology [3]. 2. **Project Development and Market Expansion**: The companies plan to jointly develop projects in commercial energy storage, mobile storage, and zero-carbon parks, with a target of achieving 1GWh of battery or energy storage product orders within the next year [3]. 3. **Green Energy Ecosystem Construction**: China Gas will provide biomass gas, steam, and new energy power solutions to EVE Energy's factories, significantly reducing production costs and meeting the demand for 2.66 million tons of steam [4]. Group 3: Strategic Goals - The partnership is a significant step for China Gas in its transition to a "green secondary energy supplier," exploring innovative models such as biomass energy and energy storage integration, green electricity trading, and carbon asset management [4]. - EVE Energy, with its second-largest global energy storage cell shipment volume, aims to enhance its global industrial layout and expand into Southeast Asia and Europe [5].

Event Overview - The 2025 (10th) Qidian Lithium Battery Industry Annual Conference and Lithium Battery Golden Ding Award Ceremony will be held on December 18-19, 2025, in Shenzhen, marking the 10th anniversary of Qidian Lithium Battery and Qidian Research [2] - The theme of the event is "New Cycle, New Technology, New Ecology," focusing on discussions around the new industry cycle, new materials, new processes, new technologies, and the evolving industrial landscape [2][3] Event Scale and Participation - The event is expected to attract over 1200 offline participants and 30,000 online viewers, making it the largest annual conference in the industry [4] - There will be nine specialized forums featuring over 60 prominent speakers discussing core issues, technological breakthroughs, safety challenges, and value chain restructuring [4] Awards and Recognition - The 10th Lithium Battery Golden Ding Award will be held concurrently, recognizing outstanding contributions to the lithium battery industry [4][11] - The awards will include various categories such as technology innovation in lithium battery cells, energy storage, and materials [12] Industry Engagement - The event will feature participation from leading companies in the lithium battery sector, including major players like CATL, Samsung SDI, and BASF, among others [2][4] - A special session for the 2025 China New Energy Entrepreneurs Club will facilitate direct engagement between corporate leaders [4] Technical Discussions - The conference will cover a wide range of topics, including advancements in high-energy and high-power battery technologies, smart manufacturing equipment, and the development of solid-state batteries [7][8][9] - Specific sessions will address user-side energy storage applications, portable storage technologies, and the implications of new national standards [8][9] Networking Opportunities - The event will provide a platform for industry professionals to network, share insights, and explore collaborative opportunities for future development [2][4]

Core Insights - The core viewpoint of the articles is that China's lithium battery exports are experiencing significant growth due to the increasing demand for electric vehicles and energy storage solutions, despite facing some fluctuations in 2023 and 2024 due to lithium carbonate price volatility [1][8]. Industry Overview - Lithium batteries, which utilize lithium metal or lithium alloys as electrode materials, are categorized into lithium metal batteries and lithium-ion batteries [3][4]. - The lithium battery industry has evolved significantly since the first lithium battery was created in the 1970s, with major advancements in materials and safety features over the decades [4]. Export Growth - China's lithium battery exports have shown a consistent upward trend from 2019 to 2022, with a notable increase in 2024, reaching 3.914 billion units, a year-on-year growth of 8.09% [1][8]. - In the first three quarters of 2025, the export volume reached 3.399 billion units, marking a 19.14% increase year-on-year [1][8]. Market Demand - The global electrification process and expanding energy storage applications are expected to sustain strong demand for China's cost-effective lithium battery products in overseas markets [1][8]. - The export value of China's lithium batteries surged from $6.78 billion in 2016 to $61.12 billion in 2024, with a compound annual growth rate of 31.63% [10]. Key Export Markets - Vietnam emerged as the largest market for China's lithium battery exports in the first three quarters of 2025, with an export volume of 81.661 million units, a year-on-year increase of 35.04% [10]. - The United States and Germany are also significant markets, with Germany surpassing the U.S. as the top export destination in 2025 [12]. Industry Policies - China's lithium battery industry is supported by a robust policy framework aimed at fostering innovation and market application, including the establishment of national standards and financial incentives [6]. Company Landscape - Major companies in the lithium battery sector include CATL, EVE Energy, Guoxuan High-Tech, and others, which are actively expanding their international presence through overseas factories and joint ventures [7][13]. - CATL reported a revenue of 131.6 billion yuan from its power battery systems in the first half of 2025, reflecting a year-on-year growth of 16.87% [13]. Future Trends - The industry is shifting towards localized value chains, with companies establishing production and R&D facilities abroad to better meet local market demands and regulatory standards [16]. - There is a growing focus on technological innovation, particularly in solid-state and sodium-ion batteries, to enhance performance metrics such as energy density and charging speed [17].

Core Viewpoint - China Gas (0384.HK) has signed a strategic cooperation agreement with Yiwei Lithium Energy, aiming to establish a comprehensive partnership that has garnered significant attention from the capital market and investors [1][3]. Group 1: Strategic Cooperation - The partnership between China Gas, a leader in comprehensive energy services, and Yiwei Lithium Energy, a leader in battery technology, is expected to create complementary advantages at the corporate level and serve as a model for the synergy of "technology + scenario" in the new energy industry [3][4]. - China Gas will provide comprehensive energy support, including biomass gas, steam, and new energy electricity, to Yiwei Lithium Energy's production bases in Yunnan, Hubei, and Malaysia, facilitating Yiwei's green and low-carbon transformation [4][5]. Group 2: Market Opportunities - The storage industry is experiencing a significant shift, with the National Development and Reform Commission's action plan projecting a cumulative installed capacity of 180 million kilowatts by 2027, a 140% increase from 2024 [6]. - The internal rate of return (IRR) for storage projects has improved, indicating a transition from being a "cost item" to a "must-have" with independent economic value [6]. Group 3: Competitive Advantage - China Gas is focusing on commercial users' energy storage needs, enhancing its technical advantages and project implementation capabilities, particularly in high-energy-consuming industries like electronics and chemicals [7][8]. - The company has successfully implemented benchmark projects, such as a 20MW/45MWh storage project for Jiangyin Haida Rubber and Plastic, showcasing its comprehensive technical strength and operational stability [7][8]. Group 4: Long-term Value Creation - China Gas is building a new energy service ecosystem centered around commercial users, which not only helps reduce costs but also aligns with national "dual carbon" goals, enhancing customer loyalty and operational advantages [9][10]. - The company has accumulated 617.7MWh of operational energy storage projects and a signed capacity of 1.2GWh, indicating significant untapped potential in this business [10]. Group 5: Future Prospects - China Gas is collaborating with major companies like BASF and Guoxuan High-Tech to focus on energy storage system development and green energy solutions, reinforcing its position in the new energy industry [11]. - The company's strategic shift from a gas supplier to a comprehensive energy service provider is expected to open up vast growth opportunities in energy services, driven by policy, market, and technological advancements [11].

Core Viewpoint - The strategic partnership between China Gas Holdings Limited and EVE Energy Co., Ltd. aims to enhance collaboration in energy storage technology, biomass technology, and green clean energy applications to support China's dual carbon goals [1][2][3] Group 1: Strategic Cooperation - The signing of the strategic cooperation agreement marks the establishment of a comprehensive partnership focused on energy storage and green energy solutions [1] - Both companies have previously collaborated on significant projects, including a 40MW/80MWh energy storage station in Changsha and a 20MW/45MWh energy storage station in Jiangyin, which have successfully validated their technological integration and business model [1][2] Group 2: Areas of Focus - The partnership will focus on three core areas: technology research and development, project development and market expansion, and building a green energy ecosystem [2] - China Gas will leverage its distributed energy and biomass platforms, while EVE Energy will contribute its leading battery solutions to develop integrated energy storage systems and biomass energy coupling technologies [2] Group 3: Market Expansion and Project Development - The companies plan to jointly develop projects in commercial energy storage, mobile storage, heavy-duty vehicle battery swapping, and zero-carbon parks, with an aim to expand into overseas markets [2] - They aim to achieve an order replacement of 1GWh of battery cells or energy storage products within a year, covering both domestic and international projects [2] Group 4: Cost Reduction and Energy Supply - China Gas will provide biomass gas, steam, and new energy supply solutions for EVE Energy's factories in Yunnan, Hubei, and Malaysia, significantly reducing production costs while ensuring clean energy alternatives [2] - The partnership is expected to supply 2.66 million tons of steam to EVE Energy's four production bases through biomass green alternatives [2] Group 5: Future Outlook - The collaboration is seen as a critical step for China Gas in its transition to a "green secondary energy supplier," exploring innovative models in biomass energy and carbon asset management [3] - EVE Energy's position as the second-largest supplier of energy storage cells globally will provide a stable supply of core products for the partnership, facilitating expansion into Southeast Asia and Europe [3]

Core Viewpoint - EVE Energy and China Gas Holdings have signed a comprehensive strategic cooperation agreement to enhance collaboration in technology development, project development, and resource sharing [3][7]. Group 1: Technology Development - The partnership aims to combine China Gas's distributed energy application scenarios with EVE Energy's battery solutions to jointly develop energy storage systems and biomass energy coupling technology [3][7]. - The goal is to promote the commercialization of low-carbon energy management platforms [3][7]. Group 2: Project Development and Market Expansion - The focus will be on commercial energy storage, mobile energy storage, heavy-duty vehicle battery swapping, and zero-carbon parks, with plans to explore overseas markets [3][7]. - The agreement includes a target to achieve 1 GWh of battery or energy storage product order replacement within one year, with China Gas providing additional project support over the next three years [3][7]. Group 3: Resource Sharing - China Gas will provide EVE Energy with biomass gas, steam, and new energy power for its production bases in Yunnan, Hubei, and Malaysia [3][7]. Group 4: Business Foundations - EVE Energy has a strong technical foundation in lithium-ion battery research, production, and energy storage system integration, while China Gas has deep expertise in comprehensive energy services and distributed energy layout [4][8]. - As of September 30, 2025, China Gas's commercial energy storage business has rapidly grown, with an operational scale of 617.7 MWh and a signed installation capacity of 1.2 GWh, primarily in Jiangsu, Zhejiang, and Guangdong [4][8]. - China Gas utilizes artificial intelligence to enhance the accuracy of electricity trading and aggregates decentralized energy resources through a virtual power plant model, expanding profitability in the new energy sector [4][8]. Group 5: Future Collaboration - Both companies emphasize "complementary advantages, resource sharing, and mutual benefit" as principles for accelerating energy storage technology innovation and large-scale clean energy application [4][8]. - The collaboration represents a synergy of upstream and downstream enterprises in the industry and aims to support business expansion in the new energy sector, with plans for deeper cooperation in comprehensive energy fields in the future [4][8].

Core Viewpoint - EVE Energy's major shareholder, Liu Jincheng and Luo Jinhong, sold 40.77 million shares at a price of 72.20 CNY per share, raising 2.944 billion CNY, reducing their combined stake from 39.85% to 37.85% [2][3] Financial Performance - For the first three quarters of 2025, EVE Energy reported revenue of 45.002 billion CNY, a year-on-year increase of 32.17%, but net profit attributable to shareholders decreased by 11.70% to 2.816 billion CNY [3] - The company's gross margin for the first three quarters was 15.95%, lower than competitors like CATL and Guoxuan High-Tech [3] - In Q3 2025, EVE Energy achieved a record quarterly revenue of 16.832 billion CNY, up 35.85% year-on-year, and net profit of 1.211 billion CNY, a 15.13% increase year-on-year and a significant 140.16% increase quarter-on-quarter [3][4] Strategic Adjustments - EVE Energy is undergoing a structural adjustment, with significant growth in energy storage battery shipments, which surpassed power battery shipments for the first time [5] - The company secured a procurement agreement for 50 GWh of battery cells from Haibosi Chuang, equivalent to 99% of its total energy storage shipments last year, ensuring future capacity utilization [5] - EVE Energy is planning a Hong Kong IPO to raise 30 billion HKD, focusing on expanding its global production capacity, particularly in Hungary and Malaysia [5] Industry Context - The lithium battery industry is experiencing profound changes, with global demand for power batteries projected at 1500 GWh, while China's planned production capacity exceeds 3000 GWh, leading to significant overcapacity [4] - EVE Energy's third-quarter results reflect a strategic move to mitigate the impact of one-time rebates, which temporarily lowered profits but positioned the company for future growth [4]