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Enjie Subsidiary to Acquire Remaining 45% Stake in Hubei Enjie for 1.15 Billion Yuan, Gaining Full Ownership
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Enjie Stock, a global leader in lithium battery separator films, announced on the evening of the 27th that its board approved a plan for its controlling subsidiary Shanghai Enjie to acquire a 45% stake in Hubei Enjie from EVE Energy for 1.15 billion yuan in自有 and self-raised funds. Hubei Enjie, a joint venture originally 55% owned by Enjie and 45% by EVE, operates a 16-billion-square-meter wet-process lithium battery separator and coating film project with a total investment of 5.2 billion yuan. Post-acquisition, Shanghai Enjie will hold 100% of Hubei Enjie, making it a wholly owned subsidiary. Separately, Enjie's subsidiary Jiangsu Enjie recently acquired 100% of SKIET's battery materials unit for 400 million yuan, now renamed Changzhou Enjie, which has 8 base film lines and 10 coating lines. Enjie also disclosed multiple guarantee contracts with banks, including a 100-million-yuan guarantee for Shanghai Enjie, a 50-million-yuan guarantee for Chongqing Enjie, and 200-million and 300-million-yuan guarantees for Shanghai and Zhuhai Enjie, respectively. As of the announcement date, total approved guarantees stood at 60 billion yuan, or 235.6% of net assets.
Source report
On the evening of the 27th, Enjie Shares announced plans for asset acquisitions and several guarantee contracts.
Industry Growth Context
The lithium battery industry has experienced rapid growth in recent years. According to data from Xinluo Information, global lithium battery production reached 1,470.8 GWh in the first half of 2026, a year-on-year increase of 49%. Among this, energy storage battery shipments totaled 507.8 GWh, surging 98% year-on-year.
Acquisition of Hubei Enjie Stake
As a global leader in the lithium battery separator industry, Enjie Shares has been making significant investments to capture a larger market share. On the evening of the 27th, the company announced that its board of directors passed a resolution on September 24, 2026, approving its controlling subsidiary Shanghai Enjie to sign an agreement with EVE Energy. Shanghai Enjie will acquire EVE Energy's 45% stake in Hubei Enjie for 1.15 billion yuan, using自有资金 and self-raised funds.
Hubei Enjie was originally a joint venture established by Enjie Shares and EVE Energy, with the two parties holding 55% and 45% equity, respectively. The joint venture primarily planned to construct a wet-process lithium-ion battery separator and coated separator project with an annual capacity of 1.6 billion square meters, with a total investment of 5.2 billion yuan. Upon completion of this transaction, Shanghai Enjie will hold 100% equity in Hubei Enjie, making it a wholly-owned subsidiary of Enjie Shares.
Acquisition of SKIET Subsidiary
Enjie Shares also recently announced that its subsidiary Jiangsu Enjie has fully acquired 100% equity of SK IE Technology (SKIET)'s subsidiary, Aisikai Battery Materials Technology (Jiangsu) Co., Ltd., for 400 million yuan. The target company has been renamed "Changzhou Enjie New Materials Co., Ltd." As of now, Changzhou Enjie operates 8 base film production lines with a designed annual capacity of approximately 940 million square meters, supported by 10 coating production lines.
Guarantee Contracts Disclosed
Enjie Shares also disclosed multiple guarantee contracts on the evening of the 27th:
- Postal Savings Bank of China (PSBC): The company signed a Joint Liability Guarantee Contract with PSBC's Shanghai Baoshan District Branch, providing joint liability guarantee for a working capital loan of 100 million yuan applied by its controlling subsidiary Shanghai Enjie.
- China CITIC Bank: Enjie Shares signed a Guarantee Contract with CITIC Bank's Chongqing Branch, providing joint liability guarantee for a working capital loan of 50 million yuan applied by its subsidiary Chongqing Enjie.
- Ping An Bank: The company signed two Maximum Guarantee Contracts with Ping An Bank's Guangzhou Branch, providing joint liability guarantees for:
- A comprehensive credit line of 200 million yuan applied by Shanghai Enjie
- A comprehensive credit line of 300 million yuan applied by its subsidiary Zhuhai Enjie
Guarantee Summary
According to Enjie Shares' disclosure, as of the announcement date:
- Total approved guarantee amount between the company and its subsidiaries: 60 billion yuan, accounting for 235.6% of the company's most recent audited net assets attributable to shareholders of the parent company.
- Total effective guarantee amount actually signed between the company and its subsidiaries: 37.591 billion yuan, accounting for 147.61% of the company's most recent audited net assets attributable to shareholders of the parent company.
Source
e公司Eastern
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Enjie Stock to acquire full control of Hubei Enjie for 1.15 billion yuan