On the evening of June 14, EVE Energy announced that its subsidiary EVE Power signed CONDITIONAL OFFTAKE AGREEMENT FOR PURCHASE OF BATTERY PRODUCTS with Powin Energy, and both parties agree that EVE Power will produce and deliver 10 GWh square lithium iron phosphate battery to Powin as agreed.

Powin Energy(Powin) is a global energy storage system integrator from the United States. Powin, formerly Powin Corporation, began developing large-scale energy storage in 2011. At present, more than 6,000 MWh energy storage systems have been deployed or are under construction, and more than 11,000 MWh will be put into construction.