PETALING JAYA: China-based EVE Energy Co Ltd, via its subsidiary EVE Energy Malaysia Sdn Bhd, will be investing US$422.3mil (RM1.86bil) to set up a cylindrical battery production base in Malaysia.
The lithium battery production company said the production facility will support the electric two-wheelers and power tools manufacturing enterprises in the country and across South-East Asia.“The project will be constructed in phases with a construction period of no more than three years,” the group said.
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