EVE's 53rd Factory Will Focus on the Production of Cylindrical Lithium-ion Batteries

EVE Energy Malaysia has signed a Memorandum of Understanding (MOU) with Pemaju Kelang Lama to build a manufacturing plant in Kulim, Kedah, Malaysia.

This will be EVE's 53rd factory and will focus on the production of cylindrical lithium-ion batteries for power tools and electric two-wheelers. The project will cost up to $422.3m and will create 600 new job opportunities.

The facility will spearhead the development of an International Cylindrical Battery Industrial Park in Malaysia. The CEO of the Malaysian Investment Development Authority (MIDA), Datuk Wira Arham Abdul Rahman, said that MIDA is committed to attracting quality investments to support the EV supply chain and ecosystem in Malaysia.

Lithium-ion Cells

The CEO of Bosch Malaysia, Klaus Landhaeusser, congratulated EVE Energy Malaysia on the signing of the MOU and said that Bosch has been EVE's focus supplier for lithium-ion cells since 2018 and that EVE's expansion plan into Malaysia fits well with Bosch's local-for-local strategy.

Cylindrical Lithium-ion Batteries

Senator Tengku Datuk Seri Utama Zafrul bin Tengku Abdul Aziz, the Minister of Investment, Trade and Industry (MITI) says the facility will be a part of the International Cylindrical Battery Industrial Park, aimed at promoting sustainable mobility and zero-emission vehicles in Malaysia.

The minister highlights the potential of the electric vehicle (EV) industry in Malaysia and Southeast Asia and the importance of collaborative efforts among stakeholders to promote sustainable mobility.

He also mentions the significance of the investment by EVE Energy, expected to generate job opportunities and contribute to the growth and prosperity of Malaysia.

He is addressing a gathering at a signing ceremony between EVE Energy Malaysia Sdn. Bhd. and Pemaju Kelang Lama Sdn. Bhd. in Kuala Lumpur on May 12, 2023.