According to EnergyTrend, Eve Energy and Gotion High Tech posted robust financial results in the first quarter of 2026. Recently, the two listed energy storage cell manufacturers released separate announcements disclosing updates on energy storage shipments, technological R&D, and overseas expansion.
Eve Energy
Driven by rising industry demand and mass production & delivery of new products, Eve Energy recorded total operating revenue of RMB 20.68 billion in Q1 2026, a year on year increase of 61.61%. Its net profit attributable to parent shareholders reached RMB 1.446 billion, rising 31.35% year on year.
In terms of shipments, energy storage batteries stood as the core growth driver. The firm shipped 20.38 GWh of energy storage batteries in the quarter, surging 60.82% year on year, while power battery shipments hit 14.34 GWh, up 40.93% year on year. Eve Energy stated it will keep track of market trends, adhere to a diversification strategy, and enhance operational stability.
Regarding energy storage layout, Eve Energy is one of the earliest industry players to propose the concept of large format energy storage cells back in 2024, spearheading the industry shift toward higher capacity cell upgrades.
In 2025, Eve Energy launched its 628Ah cell for utility scale energy storage station applications. It is currently developing the next generation 702Ah cell using stacking technology, capable of delivering a system capacity of 6.9 MWh. Compared with mainstream 587Ah/588Ah solutions, it reduces the number of system containers by around 10%, further cutting down station investment costs.
On the technological front, Eve Energy’s sodium ion batteries have moved from technical verification to large scale commercialization. Its independently developed NF155L product is ready for mass production.
For solid state batteries, Eve Energy unveiled Longquan 1 to Longquan 4 products from 2025 to 2026. Longquan 3 and Longquan 4 are targeted at consumer electronics and power battery sectors respectively, with pilot production planned for 2027 and scaled mass production phased in by 2030.
In addition, Eve Energy has developed backup power solutions covering all AIDC scenarios, including cylindrical BBU cells, prismatic UPS cells and containerized energy storage products to meet demands ranging from individual data center units to overall infrastructure architectures. BBU batteries are a key strategic focus, with A sample prototypes set to be sent to customers between May and June 2026.
Gotion High Tech
Gotion High Tech achieved annual revenue of RMB 45.07 billion in 2025, a year on year growth of 27.35%, and net profit attributable to parent shareholders of RMB 2.383 billion, jumping 97.49% year on year. In Q1 2026, its revenue reached RMB 11.708 billion, up 29.30% year on year.
In business deployment, Gotion High Tech’s total power and energy storage shipments reached approximately 100 GWh in 2025, a 57% year on year increase. Its energy storage business saw rapid growth in the second half of 2025, accounting for roughly 28% of full year shipments. Globally, it adopts an operational structure featuring integrated overseas shipments and domestic cell focused supplies, covering utility scale, commercial industrial and residential energy storage scenarios.
In R&D, the company pursues a dual track strategy of semi solid and all solid state batteries. Its semi solid state batteries are undergoing validation with automakers, while automotive grade first and second generation all solid state “Jinshi Batteries” have been successfully prototyped. A 2 GWh mass production line design has been completed, with accelerated R&D to production conversion and commercialization underway.
Based on market analysis and tentative orders, Gotion High Tech plans to expand high quality production capacity, with capital expenditure focused on simultaneous capacity expansion in both power and energy storage segments, mainly manufacturing cost effective, safe and reliable power batteries and large format energy storage cells. Construction of overseas bases in Morocco, Slovakia and Vietnam is progressing steadily to strengthen its global supply chain system.
Source：EnergyTrend