An investment roadmap released on September 27 by Chinese battery company EVE Energy, which has a market value of over 170 billion yuan ($23 billion), has offered further insight into the potential of the lithium industry.
German automotive maker BMW Group will use cylindrical cells in its Neue Klasse models starting in 2025. To meet cell demand, it has awarded cell production contracts to two Chinese battery manufacturers, CATL and EVE Energy.
News emerged on August 17 that EVE Energy will provide large cylindrical batteries for BMW's electric vehicles in Europe. The battery maker responded that it had obtained BMW's designated letter before, and the production line is currently under construction.