EVE(SZ:300014) Guan Cha Zhe Wang·2025-06-12 04:25Core Viewpoint - EVE Energy plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its capital strength, competitiveness, and international brand image, aligning with its global strategy [1] Group 1: IPO and Market Position - EVE Energy aims to issue no more than 10% of its total share capital in H-shares, with an option for an additional 15% in oversubscription [1] - If successful, EVE Energy will become the second lithium battery company to achieve A+H dual listing, following CATL's recent listing that raised HKD 40.76 billion [1] Group 2: Global Strategy and Production Capacity - EVE Energy is advancing its "global manufacturing, global delivery, global cooperation" strategy, focusing on local operations and customer responsiveness [1] - The company is making significant progress in establishing manufacturing bases in Malaysia, Hungary, and the United States [1][2] - The battery project in Hungary is expected to enhance delivery capabilities in Europe, with production set to commence in 2026 [2] - The Malaysian factory aims to produce 680 million small cylindrical batteries annually, with mass production expected in early 2025 [2] Group 3: Sales Performance and Market Share - In 2024, EVE Energy's energy storage battery shipments reached 50.45 GWh, a year-on-year increase of 91.9%, while power battery shipments were 30.29 GWh, up 7.87% [3] - EVE Energy ranked second globally in energy storage cell shipments, following CATL, and held a 12.15% market share in China's commercial vehicle battery sector [3] Group 4: Stock Market Performance - As of June 11, EVE Energy's total market capitalization was CNY 89.83 billion, with shares closing at CNY 43.91, a decrease of 2.5% from the previous close [4]