Battery power plant Malaysia

Will Malaysia build a lithium-ion battery factory?

In December last year, China-based lithium battery maker Eve Energy announced plans to build a manufacturing facility in Malaysia, which it said would allow it to produce 21700-format cylindrical lithium-ion batteries to support electric two-wheeler and power tool manufacturing enterprises in the country as well as across the region.

Where is EVE Energy Malaysia's New cyclical battery factory located?

Now, construction of the facility is set to begin, with the company – through its subsidiary Eve Energy Malaysia – having held a groundbreaking ceremony for the new factory, which will be located in Kulim, Kedah as part of the International Cylindrical Battery Industrial Park in the area.

Why is EVE Energy establishing a plant in Malaysia?

"The establishment of EVE Energy's plant in Malaysia will further strengthen cooperation and exchanges between China and Malaysia in the renewable energy sector," commented Liu Jianhua, EVE Energy co-founder and CEO. "The Malaysian factory boasts advanced technology and significant production capacity.

What is Malaysia's Energy Transformation Roadmap?

The Malaysian government released its national energy transformation roadmap in 2023, which plans to increase the proportion of installed renewable energy capacity from 25 percent to 70 percent by 2050, the statement noted. The country is driving the renewable energy market, presenting unprecedented opportunities, Eve Energy said.