China’s Eve Energy Builds $422 Million Electric Vehicle Batteries Manufacturing Facility in Malaysia
EVE Energy Co. Ltd., a China-based global lithium battery manufacturer, has on Monday announced the groundbreaking ceremony for its new manufacturing facility in Kulim, Kedah, Malaysia with an initial investment of $422 million.
EVE Energy and 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.
Photo courtesy of Markus Winkler.
Source: Technode Global (link opens in a new window)
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