KUALA LUMPUR, Aug 8 (Bernama) -- EVE Energy Co. Ltd., a leading global lithium battery manufacturer, has announced the groundbreaking ceremony for its new manufacturing facility in Kulim, Kedah, Malaysia on 7 August 2023. The new factory, which will be EVE’s 53rd, will have an initial investment of USD422 million and 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.

The ceremony was attended by YB Dato’ Wira Dr. Ku Abd Rahman bin Ku Ismail, Senior State Exco of Industrial and Investment, Science, Technology and Innovation and Higher Education; Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development) of the Malaysian Investment Development Authority (MIDA); Mr. Noor Ikhsan Bin Abdul Aziz, Chief Operating Officer of Invest Kedah; Dr. Haji Nadzman Bin Mustaffa, President of Kulim Municipal Council (MPKK); Mr. Zhou Youbin, Chinese Consulate General in Penang; Mr. Joe Chan, Director of EVE Energy Malaysia Sdn. Bhd., as well as other distinguished guests.

In his speech, YB Dato’ Wira Dr. Ku Abd Rahman bin Ku Ismail, Kedah Senior State Executive Council Members (Industry & Investment), noted that the Kedah State Government through Invest Kedah Berhad as a One Stop Centre for investment is always ready to provide assistance and facilitate a smooth investment process, starting from pre- investment all the way through to post-investment stages. This hands-on or handholding approach is one of the ways we approach investors more friendly in order to provide the best service. He also hopes that EVE Energy will continue to expand its footprint in Kulim and achieve unparalleled success in its operations.

Ms. Lim Bee Vian, DCEO (Investment Development) of MIDA, said in her speech, “Today's celebration marks a crucial milestone that not only benefits EVE but also paves the way for more companies to invest in Malaysia in EV industry and its ecosystems. By collaborating with industry leaders like EVE, we can foster an environment of innovation and technological advancement.” “This project aligns perfectly with our nation's Twelfth Malaysia Plan (12MP) and the National Automotive Policy 2020 (NAP), as we are committed to achieving net-zero greenhouse gas emissions by 2050. By establishing this cylindrical battery manufacturing plant in Malaysia, we demonstrate our commitment to competitiveness in the international market”, highlighted Ms. Lim.

She further added, “Our robust ecosystem, supported by strong R&D and standards facilities (through agencies like SIRIM), along with a thriving components' sub-sector, positions us to cater to the entire EV value chain.”

“Relying on EVE’s domestic advantages and operational experience, we will build a cylindrical battery production base in Malaysia to support the electric two-wheelers and power tools in Malaysia. This initial project will be constructed in phases, and the construction period will not exceed three (3) years. This is an important milestone for EVE to expand our global businesses, enhance our comprehensive competitiveness and to further grow our global market share. And most importantly, to let us contribute to the development of electrical power ecosystem in Malaysia,” said Mr. Joe Chan, Director of EVE Energy Malaysia Sdn. Bhd.

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About EVE Energy Co. Ltd.

Established in 2001, EVE Energy Co., Ltd. (hereinafter referred to as EVE) was first listed on Shenzhen GEM in 2009. After 22 years of rapid development, EVE is now a global lithium battery company which possesses core technologies and solutions for consumer batteries, power batteries and energy storage batteries. More information about EVE’s products can be found at www.evebattery.com/en.

SOURCE: Malaysian Investment Development Authority (MIDA)

FOR MORE INFORMATION, PLEASE CONTACT:
MIDA
Name: Mr. Riduan Abdul Rahman
Director, Transportation Technology Division 
Tel.: +603-2267 6634
Email: riduan@mida.gov.my

EVE Energy Malaysia Sdn. Bhd.
Name: Mr. Joe Chan
Director
Tel.: +852-2195 3966
Email: joe.chan@evebattery.com 

--BERNAMA