KUALA LUMPUR: Global lithium battery manufacturer EVE Energy Co Ltd today announced the groundbreaking ceremony for its new manufacturing facility with an initial investment of US$422 million (RM1.924 billion) in Kulim, Kedah.
Malaysian Investment Development Authority (MIDA) said in a joint statement that the new factory, which will be EVE’s 53rd, 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.
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