August 8

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)

Technology, Transportation
electric vehicles, manufacturing