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06 May
06:11

Eve Energy expects significant sales growth despite profit slip

Chinese battery manufacturer Eve Energy has reported a 6.5% on-year slip in its Q1 net profit, as it targets sales of 50 gigawatt-hours this year, Kallanish learns. The company said it realised a net profit of CNY 1.07 billion in the period, though its operating income declined 16.7% to CNY 9.32 billion. It reported a rapid growth in the shipment of both energy storage and power batteries, thanks to the continued improvement in the cost-effectiveness of lithium b…
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