Gasgoo Munich-EVE Energy released its first-quarter earnings forecast for 2026 on April 8, according to Gasgoo. The company projects net profit to land between 1.376 billion yuan and 1.487 billion yuan, marking a year-over-year increase of 25% to 35%.
EVE Energy attributed the positive growth to two main drivers. First, the company has intensified efforts on product iteration, service upgrades, and process optimization. These efforts allowed it to seize market opportunities and fuel sustained business expansion.
Second, to counter rising supply chain cost pressures, the company took a proactive approach to management. By diversifying its supply chain, planning strategic procurement, and carefully using financial instruments, EVE Energy effectively absorbed the impact of rising material costs, stabilizing the profitability of its core operations.
Image source: EVE Energy
At the same time, EVE Energy unveiled a series of investment cooperation agreements.
The battery maker plans to build a 50GWh energy storage and power battery production base in the Qidong Economic Development Zone with the Qidong city government, involving a total investment of about 5 billion yuan. Separately, it intends to form a joint venture with Longking to construct a 60GWh large-capacity energy storage battery plant in Shanghang, Fujian. That project carries an investment of roughly 6 billion yuan, with EVE Energy holding an 80% stake.
Notably, since March 28, EVE Energy has been rolling out capacity expansion projects continuously, having already announced plans for sites in Huizhou, Guangdong, and Jingmen, Hubei.
That means in just 11 days, the company has announced investment plans totaling roughly 23 billion yuan, targeting 230GWh of new energy storage and power battery capacity.
Industry observers suggest that EVE Energy's confidence in this aggressive expansion is likely underpinned by its strong earnings performance.
The company's 2025 annual report, released recently, highlights this momentum. Last year, energy storage battery shipments increased by over 40%, while power battery shipments rose by more than 65%. Specifically, power battery deliveries reached 50.15GWh, securing the sixth spot globally, while commercial vehicle battery shipments ranked second worldwide.
EVE Energy is also making moves in emerging battery applications. The "Longquan No. 2" 10Ah all-solid-state battery has rolled off the production line, its first sodium-ion battery energy storage system has been connected to the grid, and its batteries for the low-altitude economy powered the maiden research flight of the domestic AS700D electric manned airship.
