Eve Energy

Eve Energy plans to use the proceeds for its Hungarian production base and the third phase of its Malaysian production base.

The energy storage battery project is an expansion of Eve Energy's existing facility in Malaysia, which began operations in February this year.

CATL's market share in May increased by 3.44 percentage points compared to April, while BYD's share decreased by 3.86 percentage points.

Eve Energy is set to become the latest Chinese battery maker to list in Hong Kong after CATL.

BYD's share rose 1.83 percentage points in April from March, while CATL's fell 2.94 percentage points.

BYD's share increased by 0.90 percentage points in March from February, while CATL's fell by 2.07 percentage points.

BYD's share grew in February as NEV sales rebounded, while CATL saw a small decline.

The Malaysian plant is Eve Energy's first overseas factory, and 53rd globally.

Eve Energy's Malaysian factory is expected to start supplying energy storage batteries to Tesla US in 2026, according to a local report.

Eve Energy has added one battery cell production line for the P7+ one month after the model's launch, and may add 2 additional ones next month.