Liu Jincheng, chairman of EVE Energy, set a goal to exceed $10 billion in operating revenue by 2026. In the first half of the year, the company achieved operating revenue of 45.691 billion yuan, a year-on-year increase of 62.20%; the net profit attributable to the parent company was 3.301 billion yuan, a year-on-year increase of 105.66%. Although there has been no substantial progress in the second attempt at listing in Hong Kong, and the U.S. International Trade Commission launched a 337 investigation in August this year regarding its cylindrical batteries violating LG New Energy’s patents in South Korea, if the company is found to be in violation, related products will be prohibited from entering the U.S. market. However, data from the prospectus shows that the company’s revenue from the U.S. market remains at a low level (3.1%–3.9% in 2022–2024 and in the first three quarters of 2025).
Liu Jincheng, chairman of EVE Energy, set a revenue target of over $10 billion by 2026. In the first half of 2026, the company achieved revenue of 45.691 billion yuan, a year-on-year increase of 62.20%; the net profit attributable to the parent company was 3.301 billion yuan, a year-on-year increase of 105.66%. Liu Jincheng founded EVE Energy’s predecessor in 2001. The company listed on the GEM in 2009 and began developing consumer lithium-ion batteries in 2010, and entered the power battery sector in 2015. Currently, there are no substantial progressions in the company’s second listing in Hong Kong. In August this year, the U.S. International Trade Commission initiated a “337 investigation,” accusing EVE Energy of violating five U.S. patents owned by LG New Energy in South Korea. If infringement is confirmed, related products will be prohibited from entering the U.S. market. Data from the prospectus shows that from 2022 to 2024 and in the first three quarters of 2025, the company’s revenue from the U.S. market remained at 3.1%–3.9%.