EVE Energy builds new US$422mil manufacturing facility in Kulim, kedah

EVE Energy holds a groundbreaking ceremony for its plant in Kulim, Kedah.

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.