EVE Energy holds a groundbreaking ceremony for its plant in Kulim, Kedah.
KUALA LUMPUR: Global lithium battery manufacturer EVE Energy Co Ltd has announced the groundbreaking ceremony for its new manufacturing facility with an initial investment of RM1.9bil (US$422mil) in Kulim, Kedah.
Malaysian Investment Development Authority 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 South-East Asia.
EVE Energy Malaysia Sdn Bhd director Joe Chen said the 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 further grow our global market share.” — Bernama
