Summary
- Rumors are circulating that Tesla signed a battery agreement with Chinese lithium cell manufacturer EVE Energy for supplies from its upcoming factory in Malaysia
- EVE Energy reportedly contracted to supply energy storage batteries from its new Malaysian factory to Tesla
- On December 26, 2024, EVE Energy’s shares increased by 6.6% after news of a long-term supply commitment from a U.S. customer
- Details of the deal between EVE Energy and Tesla have not been disclosed, but it is expected to boost EVE Energy’s influence in the global energy storage market
- EVE Energy’s new plant in Malaysia is set to start operation in Q1 2025, coinciding with Tesla’s operation of the Shanghai Megafactory selling Megapacks
Article
Rumors have swirled in China that Tesla has signed a battery agreement with Chinese lithium cell manufacturer EVE Energy for supplies from its upcoming factory in Malaysia. EVE Energy is reportedly contracted to supply energy storage batteries to Tesla from its new Malaysian factory, which is still under construction. The China-based company is expected to start supplying Tesla with storage batteries by 2026 from its Malaysian facility. While EVE Energy’s Malaysian subsidiary secured a long-term supply commitment from a customer in the United States, the specifics of the deal, including the customer’s identity, remain undisclosed.
EVE Energy’s shares surged by 6.6% after news of the Malaysian subsidiary securing a long-term supply commitment from a US customer broke on December 26, 2024. The parent company of EVE Energy expressed confidence that the deal would enhance its influence in the global energy storage market. The new Malaysian plant of EVE Energy is projected to commence operations in the first quarter of 2025, coinciding with the expected launch of Tesla’s Shanghai Megafactory. Tesla has indicated that the Shanghai Megafactory will sell Megapacks in Chinese and other markets, creating further speculation about potential collaborations with EVE Energy for battery storage solutions.
As rumors continue to swirl about EVE Energy securing a deal with Tesla for battery supply from its Malaysian factory, industry observers are keen to uncover more details about the agreement. The lack of specific information on the customer and the long-term supply commitment has only fueled speculation about the potential partnership between EVE Energy and Tesla. EVE Energy’s parent company has hinted at the deal’s significance in strengthening the company’s position in the global energy storage market, attracting further attention to the collaboration rumors.
The anticipated launch of EVE Energy’s Malaysian facility in 2025 aligns with the timeline for Tesla’s Shanghai Megafactory to begin operations, raising questions about the potential synergies between the two companies in the energy storage sector. Tesla’s plans to sell Megapacks from the Shanghai Megafactory in various markets hint at the company’s focus on expanding its energy storage offerings. The rumors surrounding the partnership between Tesla and EVE Energy further underscore the growing interest in the battery storage market and the competitive landscape driving collaborations between key players in the industry.
The Teslarati team invites feedback and insights from readers on the rumors surrounding Tesla’s battery storage deal with EVE Energy’s Malaysian factory. With the energy storage market evolving rapidly and companies seeking strategic partnerships to drive innovation and growth, the collaboration between Tesla and EVE Energy could have significant implications for the industry. As the details of the alleged deal continue to unfold, industry experts and enthusiasts are closely monitoring developments to understand the potential impact on the global energy storage market and the competitive dynamics between key players in the sector.
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