EVE Energy Plans ¥8.65 Billion Investment in Malaysia for Energy Storage Base, Applies for Hong Kong IPO

Jul.02
EVE Energy Plans ¥8.65 Billion Investment in Malaysia for Energy Storage Base, Applies for Hong Kong IPO
Eve Energy plans $8.65 billion investment in Malaysia for energy storage battery base, submits H-share IPO application.

Key Points: 

 

·Production capacity layout: Eve Energy plans to invest 8.65 billion yuan to build an energy storage battery base in Malaysia. 

 

·Capital actions: The company has submitted an application for a listing of H shares on the Hong Kong stock exchange, advancing its internationalization strategy. 

 


【2Firsts news flash】Huizhou Eve Energy Co., Ltd. (300014.SZ) recently announced that its board of directors approved its wholly-owned subsidiary, Yiwu Energy Storage Malaysia (EVE ENERGY STORAGE MALAYSIA SDN. BHD.), to invest no more than 8.65 billion yuan in Kuala Lumpur, Malaysia to build a new energy storage battery project with high safety, high reliability, and long life. The project construction period will not exceed 2.5 years, with a land area of approximately 484,000 square meters. Funding sources include the company's own funds, fundraising, and bank financing.

EVE Energy Plans ¥8.65 Billion Investment in Malaysia for Energy Storage Base, Applies for Hong Kong IPO

 

This project will leverage Eve Energy's experience in domestic energy storage manufacturing and operation to further expand overseas production capacity, meet global energy storage demand, and help mitigate the uncertainty caused by international trade frictions, thus improving its global industrial layout.

 

In addition, Eve Energy officially submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange on June 30, and relevant application materials have been disclosed on the HKEX website. The issuance of H-shares still requires approval from regulatory bodies such as the China Securities Regulatory Commission, the Securities and Futures Commission of Hong Kong, and the Hong Kong Stock Exchange, which could involve certain uncertainties.

EVE Energy Plans ¥8.65 Billion Investment in Malaysia for Energy Storage Base, Applies for Hong Kong IPO

 

 

The company stated that the dual deployment of "overseas production capacity" and "international capitalization" aims to strengthen its global competitiveness and support its long-term development strategy in the field of new energy storage.

 

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