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China's EVE Energy announces RM1.85 bil investment to build cylindrical battery production plant in Malaysia - paultan.org

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China’s EVE Energy announces RM1.85 bil investment to build cylindrical battery production plant in Malaysia

China-based lithium battery maker EVE Energy Co is set to build a cylindrical battery production facility in Malaysia through its subsidiary EVE Energy Malaysia. This, it said, will provide it with the basis to support electric two-wheeler and power tool manufacturing enterprises in the country as well as across the region.

Malaysian Investment Development Authority CEO Datuk Arham Abdul Rahman said EVE Energy’s plans to set up manufacturing operations here resonates well with the objectives outlined by the National Investment Aspirations and National Automotive Policy to grow the country’s electric vehicle ecosystem, specifically in the area of EV battery production.

 

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