KULIM, September 5 – EVE Energy Co. Ltd., a leading global lithium battery manufacturer, marked a significant milestone today with the groundbreaking ceremony of its new manufacturing facility in Kulim, Kedah, Malaysia. This state-of-the-art factory, EVE’s 53rd worldwide, represents a remarkable initial investment of USD 422 million and will be dedicated to the production of cylindrical lithium-ion batteries. The facility aims to support the manufacturing of power tools and electric two-wheelers in Malaysia and across Southeast Asia.

The momentous event was graced by esteemed dignitaries, including 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 Chen, Director of EVE Energy Malaysia Sdn. Bhd., along with other distinguished guests.

Addressing the gathering, Yang Berhormat Dato’ Wira Dr. Ku Abd Rahman bin Ku Ismail, Kedah Senior State Executive Council Member (Industry & Investment), emphasized the Kedah State Government’s commitment through Invest Kedah Berhad to serve as a One Stop Centre for investment. He pledged to provide unwavering assistance and ensure a seamless investment process, from pre-investment to post-investment stages. This investor-friendly approach aims to provide the best service possible to businesses, encouraging EVE Energy’s continued expansion in Kulim and wishing unparalleled success for its operations.

Ms. Lim Bee Vian, DCEO (Investment Development) of MIDA, echoed the sentiment that this groundbreaking ceremony marks a significant step forward not only for EVE Energy but also for Malaysia’s electric vehicle (EV) industry and its ecosystems. By collaborating with industry leaders like EVE, Malaysia aims to foster an environment of innovation and technological advancement in line with the nation’s Twelfth Malaysia Plan (12MP) and the National Automotive Policy 2020 (NAP). The country is steadfast in its commitment to achieving net-zero greenhouse gas emissions by 2050 and believes that EVE Energy’s investment reinforces Malaysia’s competitiveness in the international market.

Ms. Lim further highlighted Malaysia’s robust ecosystem, supported by strong research and development (R&D) and standards facilities through agencies like SIRIM. Alongside a thriving components’ sub-sector, Malaysia is well-positioned to cater to the entire EV value chain, making it an attractive destination for EV-related investments. Mr. Joe Chen, Director of EVE Energy Malaysia Sdn. Bhd., emphasized the significance of this project for the company’s global expansion and comprehensive competitiveness. The cylindrical battery production base in Malaysia will serve the electric two-wheelers and power tools industries in the country.

The project will be completed in phases over the next three years, solidifying EVE Energy’s contribution to Malaysia’s electrical power ecosystem. The groundbreaking ceremony marks the beginning of a transformative journey for EVE Energy in Malaysia, as the company cements its commitment to sustainable and innovative battery solutions for the region and beyond. The new manufacturing facility in Kulim is expected to play a pivotal role in advancing the EV industry and supporting the nation’s vision for a greener and more sustainable future.

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