KUALA LUMPUR: Global lithium battery manufacturer Eve Energy Co Ltd today held a groundbreaking ceremony for its US$422 million (RM1.9 billion) new manufacturing facility in Kulim, Kedah.
The new factory will focus on the production of cylindrical lithium- ion batteries to support power tools and electric two-wheelers manufacturing in the country and across Southeast Asia.
Eve Energy Malaysia Sdn Bhd director Joe Cehn said the company will build a cylindrical battery production base in Malaysia to support the electric two-wheelers and power tools in Malaysia.
"This initial project will be constructed in phases, and the construction period will not exceed three years. "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 added.
Malaysian Investment Development Authority (MIDA) deputy chief executive officer Lim Bee Vian said the move would pave the way for more companies to invest in Malaysia mainly in the electric vehicle (EV) industry and its ecosystems."By collaborating with industry leaders like Eve, we can foster an environment of innovation andtechnological advancement.
"This project aligns perfectly with our nation's Twelfth Malaysia Plan (12MP) and the National Automotive Policy 2020 (NAP), as we are committed to achieving net-zero greenhouse gas emissions by 2050. "By establishing this cylindrical battery manufacturing plant in Malaysia, we demonstrate our commitment to competitiveness in the international market," said Lim.