Last week, we covered the news where a Germany-based global semiconductor company, Infineon Technologies, will invest approximately 5 billion euros (approx. RM24.9 billion) within the next five years to construct the world’s largest 200mm silicon carbide (SiC) power fabrication plant in Kulim. Now, there’s another huge factory coming to Kedah.
NST reports that EVE (Energy Very Endure) Energy Co Ltd, the China-based global lithium battery manufacturer, has initiated the construction of their new manufacturing facility in Kulim, Kedah, with an investment totalling to USD422 million (approx. RM1.9 billion).
Joe Cehn, the director of EVE Energy Malaysia, emphasised the company’s aim to establish a robust cylindrical battery production base in Malaysia, dedicated to supporting the local electric two-wheeler and power tools sectors and also across Southeast Asia.
He outlined that the project will be executed in phases within a construction timeline of less than three years.
Lim Bee Vian, the deputy CEO of the Malaysian Investment Development Authority (MIDA), underscored the broader implications of this move. He stated that this initiative would serve as a catalyst, attracting more companies to invest in Malaysia, particularly within the electric vehicle (EV) industry and its associated ecosystems.
By collaborating with industry leaders like Eve, Lim stressed the potential for fostering an innovative environment and driving technological progress.
He highlighted the country’s commitment to achieving net-zero greenhouse gas emissions by 2050 and emphasised that establishing the cylindrical battery manufacturing plant reaffirms Malaysia’s dedication to global competitiveness.
