Yes, that’s the right folder.
I had created a new set of Italian po and mo file.
They are not translated.
Please download Archive.zip and unzip it.
Backup your own set of Italian language files.
To do translation, you should install your Evolve Plus theme in your localhost,
So that you can update your language file.
Use poedit to open up my newly created po file.
Use this to translate the read more text.
Remember to save your translation to allow poedit to update the po and mo file.
The mo file has to be updated in order to work.
Upload your translation to your web server after you had finish doing it.
You can also try using this plugin.