Core Viewpoint - EVE Energy plans to invest over 8.65 billion yuan in a new energy storage battery project in Malaysia, marking a significant step in the company's overseas expansion strategy [1][6][7]. Investment Details - The investment amount for the new energy storage battery project is capped at 86.54 billion yuan, with the project expected to be completed within 2.5 years on a site of approximately 484,000 square meters in Kedah, Malaysia [6][7]. - Funding sources for the investment include self-owned funds, funds raised through stock issuance, and/or self-raised funds such as bank loans [6]. Strategic Importance - The project aims to enhance the company's overseas business expansion and mitigate risks associated with international trade tensions [2][3][7]. - The new facility will help meet the growing global demand for energy storage solutions and strengthen the company's market position in the lithium battery sector [7]. Financial Performance - EVE Energy's overseas market is a significant revenue contributor, with projected overseas revenues exceeding 10 billion yuan in both 2023 and 2024 [4][10]. - The company has shown consistent profit growth, with net profit increasing annually from 1.51 billion yuan in 2015 to an expected 40.76 billion yuan in 2024 [15]. Expansion Plans - EVE Energy has been actively expanding its production capacity, with plans for a total capacity of 328 GWh by 2027, representing a threefold increase over four years [14]. - The company has made substantial investments in recent years, including a planned investment of 99.71 billion yuan for a factory in Hungary and 32.77 billion yuan for additional battery manufacturing projects [9][12]. Market Position - EVE Energy ranks ninth globally in power battery installations and second in energy storage cell shipments as of 2024 [15].