KUALA LUMPUR: United States-based Enovix Corporation, which today inaugurated its first high-volume battery manufacturing facility (Fab2) in Malaysia, plans to invest a total of US$1.2 billion (RM5.8 billion) in the country over the next 15 years.
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the state-of-the-art facility is a huge step for Malaysia in the global supply chain for advanced battery technologies, highlighting the country’s conducive investment landscape.
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