On June 27, EVE announced that its wholly-owned grandchild company, EVE ENERGY STORAGE MALAYSIA SDN.BHD., planned to invest in the construction of a new-type energy storage battery project using its own funds, funds raised from stock issuance, and/or self-raised funds, with an investment amount not exceeding RMB 8.654 billion. The announcement indicated that the project, leveraging domestic manufacturing advantages and operational experience, planned to expand an energy storage production site in Kedah, Malaysia. The construction period of the project would not exceed 2.5 years. The project aims to expand overseas capacity by relying on domestic advantages, meet the growing global demand for energy storage, reduce the risks of trade friction, promote overseas business expansion, enhance the company's performance, and strengthen its market position and global industrial layout in the lithium battery field.