Eve Energy signs MoU with Pemaju Kelang Lama, to invest RM1.9b in Cylindrical Battery Industrial Park

Eve Energy signs MoU with Pemaju Kelang Lama, to invest RM1.9b in Cylindrical Battery Industrial Park

Eve Energy will invest US$422.3 million (RM1.9 billion) in Kulim, Kedah as part of the International Cylindrical Battery Industrial Park that will generate around 600 jobs for Malaysians in the facility, said the minister of investment, trade and industry (MITI) Tengku Datuk Seri Zafrul Abdul Aziz in a Twitter post.

Countries which are established automotive producers have demonstrated the significant impact that the industry can have on job creation and the development of a skilled workforce, as well as for the creation of business opportunities for SMEs, the minister said according to Malay Mail.

“Opportunities abound in the areas of renewable energy, energy efficiency, energy storage systems, and support services for electric vehicles (EVs), such as EV charging stations, operations and maintenance,” the minister was quoted as saying in his keynote address at the memorandum of understanding (MoU) signing ceremony between Eve Energy Malaysia and Pemaju Kelang Lama.

The ministry is looking into policies which will support these sectors in order to ensure that the EV ecosystem is complete and fully supported, including for standards, certification and verification related to charging systems, battery disposal activities, battery swapping as well as wireless charging.

Last October, the Chinese battery manufacturer was reported to be planning the construction of a battery plant in Malaysia for supplying local as well as regional Southeast Asian customers.

This plant has been said to produce 21700-format battery cells which will go into electric bikes as well as power tools, and the plant is estimated to be constructed in no more than three years, according to the firm’s announcement at the time.

The investment by Eve Energy is part of its growth strategy and long-term plan for building its global market share in the electric two-wheeler segment, the company said in October.

Elsewhere, Eve Energy is one of two battery suppliers that will supply BMW with 46 mm-diameter battery cells for its Neue Klasse range of electric vehicles, the other battery manufacturer being CATL.

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Mick Chan

Open roads and closed circuits hold great allure for Mick Chan. Driving heaven to him is exercising a playful chassis on twisty paths; prizes ergonomics and involvement over gadgetry. Spent three years at a motoring newspaper and short stint with a magazine prior to joining this website.

 

Comments

  • ROTI CANAI on May 15, 2023 at 3:08 pm

    yeap thats malaysia, cheap labour

    Like or Dislike: Thumb up 11 Thumb down 5
    • todak on May 15, 2023 at 3:35 pm

      But most of the workers are foreigners, instead of Malaysians.

      Like or Dislike: Thumb up 5 Thumb down 5
      • ROTI CANAI on May 16, 2023 at 8:18 am

        well, go look in the offices, the so called Malaysian “executives” earn no better than the hard labour workers in China, thats why they are outsourcing to here.

        Like or Dislike: Thumb up 6 Thumb down 6
        • todak on May 17, 2023 at 7:40 am

          Most of the workers in a factory are on the production floor & nowadays most Malaysians prefer to avoid that kind of work. Thus, it’s no surprise that foreign workers would outnumber Malaysians at this workplace.

          Like or Dislike: Thumb up 4 Thumb down 5
          • ROTI CANAI on May 17, 2023 at 10:07 am

            feel free to apply for a job on the production floor

            Like or Dislike: Thumb up 1 Thumb down 2
          • todak on May 17, 2023 at 3:04 pm

            Pls feel free to put up your bona fide recruitment ad

            Like or Dislike: Thumb up 1 Thumb down 1
    • Rakyat Malaysia on May 16, 2023 at 8:43 am

      Making EV batteries is dangerous to humans and toxic to the environment. What happen to PH promise to jaga the rakyat and take care of the environment? Now become gomen, muka pon dah tukar? Pui!

      Like or Dislike: Thumb up 1 Thumb down 1
      • todak on May 17, 2023 at 7:44 am

        Petroleum is also dangerous to humans and toxic to the environment. So, if you want be very safe, you can just use your own human power by taking a walk or riding a bicycle.

        Like or Dislike: Thumb up 0 Thumb down 0
 

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