SHANGHAI, Apr 26 (SMM) – Hubei EVE Power, a subsidiary of EVE Energy, will construct new projects of lithium batteries for energy storage and electric vehicle use in Jingmen, Hubei province, EVE Energy said in a statement on April 24.
The company has decided to sign a contract with the Jingmen High-tech Industrial Development Zone, for the construction of a 6GWh/year energy storage lithium battery project, with an investment of 1.2 billion yuan and a 5GWh/year power battery project, with an investment of 1.3 billion yuan.
EVE Energy has focused on the business of battery energy storage in the telecom and residential sector, as well as in the intelligent microgrid market.
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