In December last year, China-based lithium battery maker Eve Energy announced plans to build a manufacturing facility in Malaysia, which it said would allow it to produce 21700-format cylindrical lithium-ion batteries to support electric two-wheeler and power tool manufacturing enterprises in the country as well as across the region.
Now, construction of the facility is set to begin, with the company – through its subsidiary Eve Energy Malaysia – having held a groundbreaking ceremony for the new factory, which will be located in Kulim, Kedah as part of the International Cylindrical Battery Industrial Park in the area.
The company, which is making an initial investment of US$422.3 million (RM1.93 billion) into developing its business here, said that the project will be developed in phases. According to Eve Energy Malaysia’s representative director Joe Chan, the construction period for the plant – which will be the company’s 53rd globally – is expected to take no more than three years.
He said that the company’s expansion into Malaysia will enhance its global market presence in the two-wheeled EV and power tool batteries segments. “This is an important milestone for Eve to expand our global businesses, enhance our comprehensive competitiveness and to further grow our global market share,” he said.
Malaysian investment development authority (MIDA) deputy CEO (investment development) Lim Bee Vian said the project aligns perfectly with that outlined in the 12th Malaysia Plan (12MP) and the National Automotive Policy 2020 (NAP) to reduce emissions as well as grow the country’s electric vehicle (EV) ecosystem.
“By establishing this cylindrical battery manufacturing plant in Malaysia, we are demonstrating our commitment to competitiveness in the international market,” she said.
Looking to sell your car? Sell it with Carro.
Anwar menang, pelabur datang
Azmin punya susu, Anwar dapat nama.
pelabur asing dari tanah besar bendera merah 5 bintang ni hanya kisah hal keuntungan aje. dorang tak peduli langsung org tempatan mana satu yg punya susu atau yg dpt nama.
Tenkiu Azminkor & best PM Sabrikor for working hard behind the scenes to nego and bring EVE into Malaysia. Lets hope best pair will get to rule again very soon and get the country back up running again. Now we are going like headless chicken trying to bury a nonexistent head in the sand. Time for CHANGE.
trust in your 2 bros must have been such that the battery manufacturer preferred to discuss/negotiate further with the present govt for another 6 months before signing a MoU.
Sanusi hebat
Mahaidin say can do better with son in law, I think must ban all son in law from politik include KJ. I smell rat in saudara mara masuk politik.