By Greg Gao

(JW Insights)Jun 15 -- EVE Energy(亿纬锂能), a leading lithium battery manufacturer in China, announced that its subsidiary, Hubei EVE Power(湖北亿纬动力), has signed a Conditional Offtake Agreement for the Purchase of Battery Products with Powin, LLC on June 14. 

Under the agreement, Hubei EVE Power will produce and deliver 10GWh of square-shaped lithium iron phosphate batteries to Powin.

Powin, a US-based company specializing in energy storage battery integration solutions, is not affiliated with EVE Energy, according to public information.

EVE Energy stated that signing this agreement is a recognition of the performance and supply qualification of EVE Energy’s energy storage battery products. It will facilitate establishing a long-term and stable cooperative relationship between the two parties. 

By leveraging their respective resources and advantages, they aim to unlock the greater potential of sustainable energy storage solutions. The collaboration will provide reliable and clean energy options for businesses and communities while strengthening and enhancing the company’s influence, overall competitiveness, and international presence in the energy storage market, said the company. 

Established in 2001 and based in Huizhou, southern China’s Guangdong Province, EVE Energy was listed on the growth enterprise market of the Shenzhen Stock Exchange in 2009. The company produces lithium-ion batteries, home energy storage systems, communication energy storage, and other energy storage technologies.