On June 18, 2026, the third Lithium Battery Conference and EVE's 25th anniversary celebration was held.

This is not only a corporate anniversary celebration but also marks EVE's entry into the dual-hundred billion stage in terms of revenue and market value, following the high growth performance in the first half of the year, with the first concentrated disclosure of technological achievements and long-term strategic release to the entire industry.

Looking at the timeline of China's lithium battery industry, the 25-year growth trajectory of the company is a complete microcosm of the industry transitioning from complete reliance on imports to achieving global leadership.

Professor Ai Xinping from Wuhan University reviewed this industrial leap at the conference. Twenty-five years ago, domestic core materials and production equipment for lithium batteries were almost entirely reliant on imports, and the industry was overall in a technology-following stage; around 2015, a complete industrial chain from upstream materials to cell manufacturing was initially established domestically, achieving parity with overseas in terms of production capacity and costs.

By 2025, China's installed capacity of power batteries will account for 61% of the global total, with domestic lithium battery companies achieving a global market share of 70.4%. The production and sales of new energy vehicles have ranked first in the world for 11 consecutive years, officially entering the leading era. In his view, a complete talent pipeline in electrochemistry, an ultra-large domestic market, and continuous strategic support from the government over the years form a synergistic force that is the core support for China's lithium battery leap.

This industrial logic also corresponds to EVE's 25-year growth path: rooted in underlying technology, based on extreme manufacturing, and traversing industry cycles with a balanced business structure.

Unlike most companies in the industry that bet on a single track development model, EVE has formed a collaborative pattern of three major businesses: consumer batteries, power batteries, and energy storage batteries, which is the core confidence that has allowed it to navigate industry fluctuations multiple times.

From the perspective of market position, its sales and export volume of lithium primary batteries have ranked first in the world for 10 consecutive years; in 2025, it will rank second globally in energy storage battery shipments and commercial vehicle power battery installations, with cylindrical battery shipments ranking first in China and fourth globally, and domestic power battery installations consistently ranking among the top five in the industry.

The performance in the first half of 2026 further confirms this robustness. According to the company's performance forecast, revenue for the period is expected to grow by approximately 60% year-on-year, with net profit attributable to the parent company expected to increase by 95%-110%, and the growth rate of net profit excluding non-recurring items reaching 110%-125%, with continuous improvement in profit quality. This balanced multi-track layout allows the company to avoid reliance on the prosperity of a single track during periods of industry overcapacity and price fluctuations, significantly enhancing its risk resistance compared to peers focusing on a single business.

Supporting the comprehensive layout is the long-term investment in underlying electrochemical technology. Zhao Ruirui, director of EVE's Central Research Institute, stated at the conference that the company's technological choices are always based on the first principles of electrochemistry, rather than following industry trends.

In the niche but demanding medical battery field, EVE has delivered a cumulative total of 100 million blood glucose meter-specific batteries, serving over 90% of domestic brain-computer interface customers, and has led the formulation of the first domestic industry standard for implantable medical batteries. This inconspicuous small product integrates all of the company's technological accumulation in longevity and high reliability In response to the industry's common pain point of balancing fast charging and cycle life, the R&D team has optimized electrode materials and structures, launching high-power battery cells that can achieve 20%-80% fast charging in 5 minutes while maintaining over 1,000 stable cycles, suitable for high-power scenarios such as drones.

In the energy storage sector, sodium-ion battery technology has made key breakthroughs. Measured data shows that the internal side reactions of sodium batteries are only one-tenth of those in lithium iron phosphate batteries, demonstrating ultra-long cycle potential; soft-pack sodium batteries can achieve over 15,000 cycles at 45°C, and after 20 months of storage at 60°C, the capacity retention rate still reaches 91%, suitable for long-cycle energy storage scenarios.

The company has completed the development of multiple sodium battery products, including 155Ah, 175Ah, and 355Ah. In addition, the company is simultaneously laying out hydrogen energy technology and is one of the first in the country to achieve mass supply of alkaline membrane electrolysis water equipment, with related products capable of replacing traditional acetylene for metal welding scenarios.

Ai Xinping also mentioned that the three core issues in the lithium battery industry in the future are reliability, lossless fast charging, and solid-state technology, with breakthroughs relying on precise control of the boundaries of electrochemical reactions. Currently, Wuhan University has collaborated with EVE Energy's Central Research Institute to advance technical breakthroughs in temperature-switchable electrolytes, temperature-switchable electrodes, and solid-state battery interface optimization, solidifying the foundation for industry basic research.

In response to the new demands of the AI era, the company has completed preliminary layouts: the self-developed TSZ battery internal pressure monitoring technology can capture thermal runaway signals in advance, addressing safety hazards in large energy storage systems; at the same time, it explores 3D printing and solid-state battery transfer processes to develop custom-shaped battery cells suitable for humanoid robots, computing power storage, and other customized scenarios.

The transition of technology from the laboratory to large-scale application ultimately relies on manufacturing capabilities. Wang Shifeng, Senior Vice President and President of the Manufacturing Center at EVE Energy, used a set of old photos to restore the iterative trajectory of the company's manufacturing capabilities. In the early days of the startup, production conditions were rudimentary: using a juice blender to mix carbon powder for the positive electrode, processing carbon wraps with a dough sheeter, manually cutting separators, and manually winding lithium strips, with a yield rate of only 90% at that time.

Today, the company's intelligent production line has achieved millisecond-level precision detection and full-process digital control, with the yield rate increased to 99.9%. The current goal is to push towards an extreme precision of 99.999%. Wang Shifeng stated at the conference that a defect rate of 1PPB (one part per billion) is only a phased goal, and the future aim is to strive for a standard of 1PPT (one part per trillion).

Supporting this manufacturing system is the dual sedimentation of talent and standards. The company has established a talent hierarchy of nine-level technicians and nine-star experts, transforming the experience of frontline workers into standardized processes, forming a human-machine collaborative model of "machines execute, humans innovate."

This system has enabled EVE Energy to pass the rigorous customer audits globally. From barely passing the assessment by the BMW team in 2018 to the BMW management team calling its production line a "perfect model" in 2026, the company's batteries have been mass-produced for high-end models such as the BMW iX3 and Mercedes-Benz AMG, and are also equipped in the Mercedes F1 team and STARK FUTURE extreme off-road vehicle team, completing long-term performance verification in high-load and extreme temperature scenarios After 25 years of reaching a dual-hundred-billion scale, the core essence of the enterprise, according to founder Liu Jincheng, is long-termism and a sense of reverence. He reviewed the industry challenges during the early days of entrepreneurship: around 2005, domestic smart meter procurement standards clearly specified the exclusive use of imported batteries, leaving domestic batteries without even the qualification to bid; overseas peers also released test reports questioning the consistency of domestic batteries. To understand the safety mechanisms of lithium batteries, the team tested and destroyed hundreds of battery cells in their early years, with the cost of a single experimental battery reaching 40,000 yuan, and a single combustion test taking 40 minutes.

Through a rigorous approach to technology, it gradually broke the industry's biases: lithium primary batteries captured 90% of the domestic smart meter market share, and multiple industry standards were led by it. Its products entered the supply chains of over 4,000 global customers, establishing 14 major global production bases.

"A person walks fast, but a group walks far." Liu Jincheng repeatedly emphasized the value of industrial chain collaboration at the meeting. In the face of the current complex global trade environment and the low-price competition in the industry, he proposed that the domestic lithium battery industry should jointly address the shortcomings in intellectual property and manufacturing processes, shedding the labels of "overcapacity and low-price competition" and aligning with world-class standards.

Standing at the 25th anniversary milestone, EVE officially established a new brand positioning: a full-scenario lithium battery platform, the energy foundation of the AI era. Relying on a complete electrochemical system of lithium, sodium, and hydrogen, it covers a full range from 0414 micro battery cells to 1000Ah large-capacity energy storage batteries, adaptable to the power needs of AI computing storage, intelligent mobility, humanoid robots, consumer terminals, and other full-scenario applications. The company also announced its medium- to long-term goal: to achieve a revenue scale of 200 billion by 2028.

From a workshop to a global leader, from technology following to independent leadership, EVE's 25 years represent a model of self-reliance in China's lithium battery industry. In the past, industry competition was about the speed of capacity expansion and cost control; however, entering the AI era, the core of competition is shifting towards the depth of fundamental research, manufacturing precision, and full-scenario adaptability. Its next steps will become an important window for observing the next round of competition in China's lithium battery industry