Eve Energy signs Memorandum of Understanding with Pemaju Kelang Lama, to invest RM1.9 billion in Cylindrical Battery Industrial Park
Eve Energy will invest US$422.3 million (RM1.9 billion) in Kulim, Kedah as part of the International Cylindrical Battery Industrial Park, which will create approximately 600 Malaysian jobs at the facility this, said the Minister of Energy. Investment, Trade and Industry (MITI) Tengku Datuk Seri Zafrul Abdul Aziz in a post on Twitter.
The minister said the established auto-producing countries have demonstrated the significant impact this industry can have on job creation and the development of a skilled workforce, as well as creating opportunities. business for small and medium enterprises. Malay Mail.
“There are many opportunities in the areas of renewable energy, energy efficiency, energy storage systems and supporting services for electric vehicles (EVs), such as EV charging stations, operation and maintenance. chair,” the Minister was quoted as saying in his keynote speech at the signing ceremony of a memorandum of understanding (MoU) between Eve Energy Malaysia and Pemaju Kelang Lama.
The Department is reviewing policies that support these areas to ensure that the EV ecosystem is complete and fully supported, including standards, certifications, and verifications related to charging systems, operations, and more. battery handling, battery swapping as well as wireless charging.
EVE Energy will invest ~$422.3 million in Kulim, Kedah as part of the International Cylindrical Battery Industrial Park that will create ~600 quality jobs for Malaysians.
MITI will continue to position 🇲🇾 as the preferred technology partner and sustainable investment destination for electric vehicles. pic.twitter.com/l79GeLdUuA
– Tengku Zafrul (@tzafrul_aziz) May 12, 2023
Last October, the Chinese battery maker was said to be planning build battery factory in Malaysia to supply to local customers as well as Southeast Asia.
The plant is said to produce 21700 format battery cells that will be used in electric bicycles as well as power tools, and the plant is estimated to be built in no more than three years, according to the company announcement. at that time.
Eve Energy’s investment is part of a growth strategy and long-term plan to build a global market share in the electric two-wheeler segment, the company said in October.
Elsewhere, New Year’s Eve Energy is one of two battery suppliers will supply BMW with 46 mm diameter battery cells for the Neue Klasse electric scooter series, the other battery manufacturer is CATL.
