Core Viewpoint - EVE Energy has signed a strategic cooperation agreement with HUAWEI New Energy to deepen collaboration in solid-state battery technology development and industrial application, aiming to enhance safety and competitiveness in the portable energy storage market [4][6][7]. Group 1: Company Collaboration - The partnership focuses on the rapid application of solid-state battery technology in the small energy storage market, which is experiencing a surge in demand due to various subsidy policies across different regions [6][11]. - HUAWEI New Energy, a leader in portable energy storage, holds a significant market share and ranks third among the top 10 global portable energy storage companies in 2024 [5][6]. - EVE Energy's solid-state batteries are expected to provide enhanced safety for HUAWEI's products, thereby strengthening its competitive edge and supporting increased installation volumes [6][7]. Group 2: Market Position and Product Development - EVE Energy's solid-state battery, "Longquan No. 2," has a high energy density of 300Wh/kg and is aimed at high-end applications such as humanoid robots and low-altitude aircraft [9]. - The company plans to establish a production base in Chengdu, with a phased construction plan to achieve a manufacturing capacity of 100MWh by December 2026 [9]. - EVE Energy's energy storage battery shipments reached 48.41GWh in the first three quarters of the year, marking a 35.51% year-on-year increase, positioning it as the second-largest globally [11][12]. Group 3: Future Outlook - The energy storage market is expected to mature and grow significantly, potentially becoming the first commercial application area for solid-state batteries [10]. - EVE Energy has secured over 70GWh of energy storage cooperation projects globally, indicating strong market demand and future growth potential [12].