Enovix deal set to drive YBS International

GEORGE TOWN: YBS International Bhd will assemble lithium-ion batteries for US-based lithium battery-producing giant Enovix from the third quarter of 2024, which will help the group return to profitability in financial year 2025 (FY25).

Group managing director Jackie Yong Chan Cheah told StarBiz that the group’s RM567mil facility in Penang Science Park would assemble lithium-ion batteries for use in Internet-of-Things wearables, two-way radios, smartphones, and laptops.