Sinomach Auto’s subsidiaries CATIC and CACG sign agreements with EVE Energy on energy storage plant and battery supply chain cooperation

On April 16, Sinomach Automobile signed a strategic cooperation framework agreement with Huizhou EVE Energy Co., Ltd. in Tianjin. On the same day, China Automotive Engineering Corporation (CAE), a subsidiary of Sinomach Automobile, signed a cooperation agreement with EVE Energy for an overseas energy storage battery plant project, which will provide end-to-end engineering and technical support for EVE Energy’s global capacity expansion. Additionally, China National Import & Export Corporation (CNIEC) signed a cooperation agreement with EVE Energy on a battery distribution chain project.