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 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.

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.

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.

References:

[1] 惠州亿纬锂能股份有限公司关于孙公司拟在马来西亚投资建设新型储能电池项目的公告

[2] 惠州亿纬锂能股份有限公司关于向香港联交所递交境外上市外资股（H 股）发行并上市的申请并刊发申请资料的公告

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Australia forms National Disruption Group to combat illicit tobacco and converging crime threats

Australia establishes new national task force to combat illegal tobacco market, led by Interior Minister Tony Burke.

Oct.20 by 2FIRSTS.ai

Vietnam to Ban Investment and Trade in E-cigarettes and Heated Tobacco, with Exceptions for Export and Research

Vietnam’s finance vice minister proposes banning investment and business in e-cigarettes and heated tobacco under a 2024 resolution, with possible exceptions for export-only products and research/medical/defense uses.

Oct.17 by 2FIRSTS.ai

Russia's Perm Legislators Approve Full Ban on Vape Products in Regional Retail Market

2Firsts, November 28, 2025 — The Legislative Assembly of Perm Krai has passed a law banning the retail sale of vape products and other nicotine-aerosol devices, effective March 1, 2026. Individuals found selling such items will face fines between ₽15,000–₽20,000 (about US $180–240), while companies face ₽50,000–₽100,000 (about US $600–1,200). The ban covers all electronic nicotine delivery systems (ENDS), heated-tobacco devices, and their components, regardless of nicotine content.

Nov.28 by 2FIRSTS.ai

South Korea Again Delays Tobacco Business Act Amendment on Synthetic Nicotine

South Korea’s amendment to the Tobacco Business Act, which would classify synthetic nicotine vapes and vape liquids as “tobacco” for regulatory and taxation purposes, has been delayed once again. Despite the government stressing its urgency due to youth access and risks of illicit drug mixing, both ruling and opposition parties at the Legislation and Judiciary Committee meeting agreed that the bill requires further discussion.