EVE Energy's wholly-owned grandson company, EVE Energy Storage Malaysia, intends to invest up to RMB 8.654 billion in a new energy storage battery project in Malaysia. The project's construction period is anticipated to last no more than 2.5 years, spanning an area of approximately 484,000 square meters. This venture aims to bolster EVE Energy's overseas expansion and enhance its global industrial footprint. Nonetheless, the project is contingent upon approvals from relevant domestic and foreign authorities, and potential risks include construction delays and revenue shortfalls.