EVE ENERGY INKS MOU TO SETUP INTERNATIONAL CYLINDRICAL BATTERY INDUSTRIAL PARK IN MALAYSIA

KUALA LUMPUR, May 12 (Bernama) — EVE Energy Malaysia Sdn. Bhd. (EVE) and Pemaju Kelang Lama Sdn. Bhd. have officially signed a Memorandum of Understanding (MOU) today, marking a significant milestone in the establishment of EVE’s state-of-the-art manufacturing facility in Malaysia. Located in Kulim, Kedah, the manufacturing plant represents a substantial investment of up to USD422.3 million. This facility will be EVE’s 53rd factory and will spearhead the development of an International Cylindrical Battery Industrial Park in Malaysia. The factory will primarily focus on the production of cylindrical lithium-ion batteries for power tools and electric two-wheelers. Furthermore, this project holds the potential to generate 600 new high-quality job opportunities, further contributing to the local economy and employment sector.

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