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.
In welcoming EVE to spur the growth of cylindrical lithium battery industry in Malaysia, Datuk Wira Arham Abdul Rahman, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA), expressed, “We are delighted to have EVE setting up its manufacturing operation in Malaysia.
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.
The establishment of EVE Energy’s cylindrical battery production base in Malaysia will help to supply high quality batteries to companies in the country and Southeast Asia.” EVE was established in 2001 and listed in 2009.
EVE Energy Malaysia Sdn Bhd director Joe Chen said the initial project will be constructed in phases and the construction period will not exceed three 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.
EVE’s Malaysia factory project consists of two phases. The first phase is the "International Cylindrical Battery Industry Park" project, with an investment of no more than 422.3 million US dollars, located in Julin County, Kedah, Malaysia. Construction officially began on August 7, 2023; The second phase is an energy storage project.