What happened in China On March 27, 2026, EVE Energy released its 2025 annual results. Revenue grew 26.44% year-on-year to ¥61.47 billion (≈$8.6 billion). Net profit attributable to shareholders reached ¥4.13 billion (≈$578 million), up 1.44%. Alongside the financial results, EVE announced a 60 GWh power battery project — a signal of ambition that goes well beyond defending a domestic position. For context: in January 2026, EVE held a 2.4% share of the global EV battery market, against CATL's 45.2% and BYD's 13.8%. By pure EV market share, EVE is a mid-tier player. That framing is exactly why European operators have largely ignored it — and exactly why that is a strategic mistake. EVE's play is not to dethrone CATL in passenger EVs. Its play is energy storage, and it is already well into Europe. ## How it works / the detail EVE Energy has been methodically building a…