2021.09.11
■ We hosted an Eve Energy (Eve) investor group call to discuss Eve’s recent 1H21 results, as well as its business outlook. Demand is resilient, but business growth in 2021 is constrained by tight capacity.
■ Two battery technology applications are expected to drive Eve’s future growth: a) LFP batteries used for energy storage and b) cylindrical cells used for EVs.
■ Gross margin pressure should ease from 2022 on, helped by the release of capacity by upstream suppliers.
