EVE Energy joins hands with Electrum and Guowei Technology to enter the Southeast Asian electric motorcycle market

EVE Energy, Electrum and Guowei Technology have signed a cooperation agreement to jointly develop electric motorcycle battery systems and battery replacement operations, with the target market being Southeast Asia. EVE Energy will be responsible for providing batteries, Guowei Technology will be responsible for battery system research and development, and Electrum will be responsible for market operations. It is expected that from 2024 to 2026, Electrum will purchase more than 450,000 battery systems from Guowei Technology, and Guowei Technology will purchase at least 800MWh of battery cells from EVE Energy.