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    300014   CNE100000GS4

EVE ENERGY CO., LTD.

(300014)
  Report
End-of-day quote Shenzhen Stock Exchange  -  2023-01-19
84.87 CNY   +1.34%
01/18EVE Energy to Invest 15.5 Billion Yuan in New Battery Projects
MT
01/17Hubei EVE Power Co., Ltd. announced that it expects to receive CNY 3.5 billion in funding from EVE Energy Co., Ltd.
CI
01/13Nomura Adjusts EVE Energy's Price Target to 100 Yuan From 116 Yuan, Keeps at Buy
MT
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BMW raises investment in Hungary EV factory to over 2 billion euros, adds battery assembly plant

11/25/2022 | 09:08am EST
FILE PHOTO: The logo of German car manufacturer BMW is seen at the company headquarters in Munich

BERLIN (Reuters) - BMW raised its planned investment in an electric vehicle (EV) factory under construction in Hungary to over two billion euros ($2.08 billion) on Friday and said it will build a 500-million-euro high-voltage battery assembly plant on site.

The carmaker had previously said it would spend over one billion euros on the Debrecen factory, due to open in 2025 and ramp up to producing 150,000 cars a year.

"The close link between battery assembly and vehicle production is part of our strategy," said Markus Fallboehmer, Senior Vice President of battery production at BMW.

BMW assembles batteries at three sites in Germany, as well as its U.S. Spartanburg site and its Shenyang plant in China, and will source battery cells in Europe from Chinese battery producers CATL and EVE.

($1 = 0.9612 euros)

(Reporting by Victoria Waldersee; Editing by Riham Alkousaa)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BMW AG 0.61% 92.35 Delayed Quote.10.76%
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 1.17% 452 End-of-day quote.14.89%
EVE ENERGY CO., LTD. 1.34% 84.87 End-of-day quote.-3.45%
All news about EVE ENERGY CO., LTD.
01/18EVE Energy to Invest 15.5 Billion Yuan in New Battery Projects
MT
01/17Hubei EVE Power Co., Ltd. announced that it expects to receive CNY 3.5 billion in fundi..
CI
01/13Nomura Adjusts EVE Energy's Price Target to 100 Yuan From 116 Yuan, Keeps at Buy
MT
01/11Eve Energy Co., Ltd. Receives the ASPICE CL2 Certification from the German Federation o..
CI
2022EVE Energy Opens Industry-Leading R&D Center of Battery Technology in Guangdong, China
CI
2022Huachuang New Materials Co., Ltd announced that it has received $100.5 million in fundi..
CI
2022EVE Energy Co., Ltd. announced that it expects to receive CNY 7 billion in funding
CI
2022Yuxi EVE Lithium Energy Co., Ltd. announced that it expects to receive CNY 290 million ..
CI
2022BMW raises investment in Hungary EV factory to over 2 bln euros
RE
2022BMW raises investment in Hungary EV factory to over 2 billion euros, adds battery assem..
RE
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Analyst Recommendations on EVE ENERGY CO., LTD.
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Financials
Sales 2022 36 324 M 5 355 M 5 355 M
Net income 2022 3 440 M 507 M 507 M
Net Debt 2022 6 297 M 928 M 928 M
P/E ratio 2022 48,2x
Yield 2022 0,23%
Capitalization 173 B 25 539 M 25 539 M
EV / Sales 2022 4,94x
EV / Sales 2023 2,83x
Nbr of Employees 14 826
Free-Float 68,8%
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Technical analysis trends EVE ENERGY CO., LTD.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 20
Last Close Price 84,87 CNY
Average target price 109,65 CNY
Spread / Average Target 29,2%
EPS Revisions
Managers and Directors
Jin Cheng Liu Chairman & General Manager
Jian Hua Liu President & Director
Min Jiang Chief Financial Officer, Secretary, Director & VP
Yuan Zhu Chairman-Supervisory Board
Qiao Ping Lei Independent Director
Sector and Competitors