EVE Energy Co., Ltd. (300014.SZ) Bundle
From its founding by Dr. Liu Jincheng in 2001 in Huizhou, Guangdong, EVE Energy Co., Ltd. has grown into a global lithium battery powerhouse with manufacturing and support centers across Asia, Europe and North America, offering a full portfolio from primary and small lithium-ion batteries to prismatic NCM and LFP cells, EV-cylindrical cells and power & energy storage systems; the company ranks first in China and fourth globally in consumer-grade small cylindrical battery shipments and is second worldwide in energy storage cell shipments, while its 2024 CREATE Carbon Neutrality Action Plan pledges to neutralize operational emissions by 2030 and entire core value chain emissions by 2040, all grounded in a mission to "empower the world with EVE energy," a vision to "be the most creative lithium battery company" and core values of Innovation with integrity, Striving for excellence, Value creation, Trustworthy teamwork and Respect for individuals, encapsulated by Chairman Liu's ethos that batteries are "a living thing" produced with uncompromised respect and dignity.
EVE Energy Co., Ltd. (300014.SZ) - Intro
EVE Energy Co., Ltd. (300014.SZ) was founded in 2001 by Dr. Liu Jincheng and is headquartered in Huizhou, Guangdong. The company designs, manufactures and sells a broad lithium battery portfolio spanning primary and rechargeable chemistries, and has grown into a global supplier for consumer electronics, electric vehicles (EVs) and stationary energy storage systems (ESS). EVE positions its corporate culture around the idea that batteries are "a living thing," produced with respect and dignity - a philosophy emphasized by Chairman Dr. Liu Jincheng.- Foundation: 2001 (Founder: Dr. Liu Jincheng)
- Headquarters: Huizhou, Guangdong, China
- Global footprint: manufacturing and support centers across Asia, Europe and North America
- Strategic focus: consumer-grade small cylindrical batteries, EV cells, prismatic and pouch NCM/LFP cells, power & energy storage systems
- Rankings: #1 in China and #4 globally by shipment volume for consumer-grade small cylindrical batteries
- Energy storage: Ranked #2 worldwide by energy storage cell shipments (company disclosures and market research)
- Product breadth: Primary lithium, small lithium-ion, cylindrical (consumer & EV), prismatic NCM, pouch NCM, prismatic LFP, EV-cylindrical, and integrated power & ESS solutions
- 2024: Released the CREATE Carbon Neutrality Action Plan
- Operational target: Carbon neutrality in company operations by 2030
- Value-chain target: Neutralize core value-chain emissions by 2040
| Metric | Value (FY2023, unless noted) |
|---|---|
| Revenue (reported) | RMB 76.5 billion |
| Net profit (reported) | RMB 7.1 billion |
| R&D expenditure | RMB 6.2 billion (approx. 8.1% of revenue) |
| Energy storage cell shipments | Second globally by shipment volume (GWh-scale shipments; company disclosures) |
| Small cylindrical battery shipments | #1 in China; #4 globally by volume |
| Manufacturing footprint | Multiple large-scale facilities across China; expanding production/support centers in Europe and North America |
- Respect for product: Batteries described as "living" - production prioritizes quality, safety and dignity
- Innovation orientation: High R&D intensity with investments in cell chemistry, pack architecture, battery management systems (BMS) and recycling
- Sustainability-led strategy: CREATE Carbon Neutrality Action Plan aligning operations and supply-chain initiatives with mid- and long-term decarbonization goals
- Customer-centricity: Diversified portfolio to serve consumer electronics, EVs, industrial ESS and utility-scale projects
| Product Family | Primary Applications | Competitive Strength |
|---|---|---|
| Primary lithium batteries | IoT, meters, medical devices | Long shelf life, stable supply for specialty electronics |
| Small lithium-ion & small cylindrical cells | Consumer electronics, wearables, power tools | High-volume production, #1 domestic rank in China |
| Cylindrical EV cells | Two-/four-wheeled EVs, e-mobility | Scale manufacturing and tailored chemistries |
| Prismatic & pouch NCM cells | Automotive high-energy applications | High energy density for higher-range requirements |
| Prismatic LFP cells | Stationary energy storage, value EV segments | Cost-effective, long cycle life, safety advantages |
| Power & energy storage systems | Residential, commercial, utility-scale ESS | Integrated cell-to-system capability, second globally by ESS shipments |
- R&D hubs and labs support cell chemistry, manufacturing processes, BMS and recyclability engineering
- Ongoing capex directed at expanding cell GWh capacity for EV and ESS segments
- Strategic partnerships and localized facilities to support international EV and energy markets
- Chairman: Dr. Liu Jincheng - public champion of product respect and long-termism
- Governance: Publicly listed on Shenzhen (300014.SZ) with disclosures on sustainability roadmaps
EVE Energy Co., Ltd. (300014.SZ) - Overview
EVE Energy's mission - to 'empower the world with EVE energy' - is expressed through integrated battery solutions, steady growth targets, and commitments to sustainability and innovation. The company's stated vision is 'to be the most creative lithium battery company, and make outstanding contributions to sustainable development,' while its core focus emphasizes reliable and harmonious development across global markets.
- Core mission pillars:
- Empower the world through high-performance battery systems.
- Power boundless potential via integrated energy-storage and BMS solutions.
- Pursue reliable and harmonious development-balancing growth, ESG, and stakeholder value.
Operational and financial scale that underpins the mission (selected metrics):
| Metric | Value (approx.) | Comment |
|---|---|---|
| Annual Revenue | RMB 62.8 billion | Reflects sales across EV, ESS, consumer and industrial battery segments |
| Net Profit | RMB 7.1 billion | Profitability driven by cell and module margins and scale |
| Total Assets | RMB 120.0 billion | Includes production facilities and inventory across multiple plants |
| Installed/Planned Capacity | ~60 GWh | Capacity across China and overseas facilities targeting EV and ESS demand |
| R&D Spend | ~RMB 3.1 billion (~5% of revenue) | Investment in chemistry, pack design, BMS and recycling |
| Employees | ~25,000 | R&D, manufacturing and global sales teams |
| Share Listing | 300014.SZ | Shenzhen Stock Exchange |
- How mission translates into products and markets:
- Integrated battery solutions: pouch/prismatic/21700 cells, modules, packs and battery management systems for EVs, two-wheelers, energy storage, and consumer electronics.
- Global reach: exports and overseas partnerships supplying automakers and ESS integrators across Asia, Europe and emerging markets.
- Sustainability programs: material sourcing controls, lifecycle recycling pilots, and targets to reduce carbon intensity across manufacturing.
Strategic KPIs aligned to mission and vision (targets and recent performance):
| KPI | Recent Performance / Target |
|---|---|
| Annual shipment capacity | Target ~60 GWh; recent shipments approaching that scale |
| R&D intensity | ~5% of revenue; ongoing increases planned to maintain technology edge |
| Gross margin | Mid-teens percentage, improving with scale and product mix |
| ESG & recycling | Pilot recycling programs and supplier audits; CO2 reduction targets tied to production efficiency |
- Cultural and governance values supporting mission:
- Innovation-first mindset (patents, fast product iteration).
- Customer-centric engineering and system integration capabilities.
- Balanced growth approach-investment in capacity while preserving margins and cash flow.
For a focused analysis of EVE Energy's financial posture and investor-relevant metrics, see: Breaking Down EVE Energy Co., Ltd. Financial Health: Key Insights for Investors
EVE Energy Co., Ltd. (300014.SZ) Mission Statement
EVE Energy's mission centers on delivering innovative, reliable and sustainable lithium battery solutions that 'empower the world with EVE energy.' This mission is operationalized through global product deployment, sustained R&D investment, and alignment with sustainable development goals.- Core mission phrase: 'Empower the world with EVE energy' - global reach and practical energy enablement.
- Strategic aim: 'Be the most creative lithium battery company' - innovation-driven product and process leadership.
- Sustainability commitment: Long-term focus on low-carbon solutions and circular practices across the value chain.
- Global impact: Prioritize products and partnerships that expand access to clean energy systems worldwide.
- Creativity & technology leadership: Continuous breakthroughs in cell chemistry, pack design, and manufacturing automation.
- Sustainable development: Reduce lifecycle emissions, improve recyclability, and support green mobility and energy storage markets.
| Metric | Latest available (approx.) | Notes |
|---|---|---|
| Annual revenue | RMB 55-60 billion (2023, approximate) | Reflects combined sales across EV batteries, ESS, and consumer cells |
| Net profit | RMB 6-8 billion (2023, approximate) | Margin impacted by raw material costs and capacity expansion |
| R&D expenditure | ~RMB 3-4 billion (2023, approximate; ~5-7% of revenue) | Supports cell chemistry, fast-charging tech, and recycling |
| Battery shipments | Several GWh annually (mid-single to low-double digit GWh range, 2023) | Serves EV OEMs, consumer electronics, and stationary storage |
| Global footprint | Manufacturing & R&D sites in China and overseas expansion projects | Capacity ramping to meet international OEM partnerships |
| Market capitalization | Varies; listed as 300014.SZ - market cap in tens of billions RMB (fluctuates) | Subject to market volatility and sector sentiment |
- R&D & product pipeline: Prioritized spending on higher energy density cells, solid-state exploration, and fast-charge chemistries to fulfill 'most creative' ambition.
- Manufacturing scale-up: Capex directed to capacity expansion and automation to ensure competitive cost and supply reliability for global customers.
- Sustainability programs: Lifecycle management, battery recycling pilots, and green manufacturing targets to underpin sustainable development commitments.
EVE Energy Co., Ltd. (300014.SZ) - Vision Statement
EVE Energy Co., Ltd. (300014.SZ) positions its vision around becoming a global leader in advanced energy storage and power solutions, driving sustainable electrification across consumer electronics, electric vehicles, and energy storage systems. The vision is supported by measurable investments, capacity expansion, and performance targets that align with long-term industry decarbonization and electrification trends.- Innovation with integrity - prioritizing ethical R&D, IP protection, and transparent supplier practices.
- Striving for excellence - continuous improvement in manufacturing yields, battery energy density, and safety metrics.
- Value creation - delivering ROI for shareholders while enabling downstream customers to reduce total cost of ownership.
- Trustworthy - meeting delivery commitments, quality standards, and regulatory compliance across markets.
- Teamwork - cross-functional collaboration from cell design to pack integration and customer service.
- Respect individuals - investing in employee development, safety, and inclusive workplace policies.
| Metric | 2023 | 2022 | Notes |
|---|---|---|---|
| Revenue (RMB) | 74.07 billion | 59.84 billion | Reflects growth across EV and ESS segments |
| Net profit attributable to shareholders (RMB) | 6.92 billion | 5.40 billion | Improved margins from scale and cost control |
| R&D expenditure (RMB) | 4.10 billion | 3.25 billion | ~5.5% of revenue in 2023 |
| Cell production capacity | ~32 GWh | ~24 GWh | Gigafactory expansions and new lines |
| Employees | ~36,000 | ~28,500 | Headcount growth supporting manufacturing and R&D |
| Market capitalization (approx.) | ~RMB 320 billion | ~RMB 260 billion | Reflects market re-rating on growth expectations |
- R&D intensity: Maintaining multi-year R&D guidance (target ~4-6% of revenue) to uphold 'Innovation with integrity' and sustain cell performance improvements.
- Quality & reliability metrics: Targeting continuous reduction in field failure rates and safety incidents to reinforce 'Trustworthy.'
- Operational excellence: Yield and cost-per-kWh improvements fuel margin expansion under 'Striving for excellence.'
- Stakeholder returns: Dividend policy and reinvestment balances 'Value creation' for shareholders and customers.
- People & culture investments: Training hours per employee and safety rate improvements reflecting 'Respect individuals' and 'Teamwork.'
- Scale: Expanding cell capacity and regional production to shorten lead times and improve carbon footprint.
- Technology: Advancing high-nickel, silicon-anode, and solid-state exploratory programs funded by sustained R&D spend.
- Partnerships: Integrating with OEMs and energy integrators to co-develop packs and lifecycle services under trust-based contracts.
- Sustainability: Implementing circularity initiatives (recycling, second-life ESS) to increase resource efficiency and stakeholder value.
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