At present, the energy storage fields that EVE has laid out cover the fields of communication energy storage, wind energy storage, distributed energy system, power energy storage and other fields.

On July 8, Wuhan East Lake High-tech Zone signed a cooperation agreement with EVE Co., Ltd., and the EVE Storage Headquarters and Energy Storage Technology Research Institute project with a total investment of 3 billion yuan settled in Wuhan Optics Valley.

It is understood that the energy storage headquarters established by EVE in Optics Valley will manage the energy storage business of EVE as a whole, and has jurisdiction over various regional business companies to hold and manage related intellectual property rights.

On the other hand, the Energy Storage Technology Research Institute mainly conducts small-scale manufacturing of the core technology of energy storage lithium-ion batteries and energy storage equipment. Research Institute, Power System Research Institute, etc.

With the drawing of the grand blueprint of the "14th Five-Year Plan" and the proposal of the carbon neutrality goal, energy storage has established an indispensable and important position in the transformation of the energy structure, and also brought a huge market "blue ocean".

According to the statistics of the New Energy Research Institute (GGII), the domestic energy storage battery shipments will reach 48GWh in 2021, a year-on-year increase of 260%, of which the power energy storage battery shipments will be 29GWh, a year-on-year increase of 439%.

Driven by multiple favorable factors such as the endogenous power of the industry, external policies and carbon neutrality goals, Yiwei Lithium has been investing heavily in energy storage since last year.

In June 2021, Yiwei Power, a subsidiary of EVE, plans to sign a "Joint Venture Agreement" with Jiangsu Linyang Energy Co., Ltd., and the two parties will invest in the establishment of a new joint venture company Yiwei Linyang. The investment of Yiwei Linyang will not exceed more than RMB 3 billion to build an energy storage battery project with an annual output of 10GWh.

The initial registered capital of Yiwei Linyang is RMB 100 million, and the subsequent investors will increase the registered capital to 500 million according to their respective shareholding ratios according to the progress of the project.

On June 10, 2021 and August 2, 2021, EVE and Jingmen High-tech Zone Management Committee signed the "Annual Output 104.5GWh New Energy Power Storage Battery Industrial Park and 30GWh Power Storage Battery Project" respectively. Strategic Investment Agreement.

On October 27, 2021, the company and the Chengdu Management Committee signed the "Strategic Cooperation Framework Agreement for the 50GWh Power Storage Battery Project of EVE".

On November 4, 2021, EVE and Jingmen Municipal People's Government established a strategic partnership and signed a "Strategic Investment Agreement". EVE and its subsidiaries plan to complete the investment of 30.521 billion yuan in fixed assets, acquire about 3,000 mu of land, and build the Jingmen Power Storage Battery Industrial Park project with an annual output of 152.61GWh in Diaodao District, Jingmen City.

In terms of products, Yiwei Lithium's power batteries include two systems: ternary and lithium iron phosphate, which are mainly used in energy storage systems and electric passenger vehicles. Last year, Yiwei Power's LF280K energy storage battery, a subsidiary of EVE, obtained the UL9540A test report issued by Youli (China) Investment Co., Ltd.

According to the information disclosed by EVE, the energy storage fields that EVE has deployed cover communication energy storage, wind energy storage, distributed energy system, power storage and other fields.

In terms of the layout of the corresponding industrial chain, the cooperative enterprises of EVE involve cathode materials, anode materials, separators, electrolytes, and upstream materials such as nickel, cobalt, and lithium, such as Defang Nano, Bertray, Huayou Cobalt , Zhongke Electric and other companies. Through these cooperation, we can greatly reduce the cost pressure caused by rising upstream prices and stabilize our position in the industry.