World's First 100-MW Compressed Air Energy Storage Test Platform Under Construction in Nanjing

On March 28, EVE Energy Co., Ltd. issued an announcement stating that the company plans to sign an investment cooperation agreement with the Management Committee of Huizhou Zhongkai High-tech Industrial Development Zone to invest in and construct the "EVE Energy 60GWh Energy Storage (Power) Battery Manufacturing Project" in the Zhongkai High-tech Zone. The total investment for this project is approximately 6 billion yuan, covering an area of about 500 mu. It will be used to construct a production base for energy storage (power) batteries with a capacity of 60GWh. The implementation entity for this project will be EVE Energy or an affiliated company established by it within the zone.

On the evening of March 26, REPT BATTERO released its 2025 annual performance announcement. The company achieved annual operating revenue of 24.334 billion yuan, a year-on-year increase of 36.7%; and profit attributable to owners of the parent company of 623 million yuan. In 2025, the company's total sales of lithium battery products reached 82.7 GWh, a year-on-year increase of approximately 89.2%. Among these, revenue from power battery products was 10.013 billion yuan, up 35.6% year-on-year; revenue from energy storage battery products was 13.56 billion yuan, up 86.8% year-on-year, with its share of total revenue increasing by 14.9 percentage points to 55.7%.