Bangi Cylindrical Lithium Battery Factory

In October last year, the company announced that it would invest in cylindrical lithium battery manufacturing projects in Malaysia, with an investment amount of no more than $422 million, mainly producing cylindrical lithium-ion power tools, two-wheelers and cleaning tool battery series products.

The Malaysia factory's construction is progressing smoothly, with the main structure almost completed. It has obtained a manufacturing license for cylindrical lithium-ion batteries and is expected to be completed and put into production by the end of this year.

Nearly 10 battery companies built factories in Southeast Asia At present, Chinese domestic power battery companies accelerate the formation of groups to go abroad, with core competitiveness of high-end products to overseas markets, accelerate the pace of "going out" to fill the international capacity gap.

Project Details EVE Energy's Malaysia factory, the 53rd factory, is building an "International Cylindrical Battery Industrial Park" with an investment of up to $422.3 million, located in Kulim, Kedah. It will create over 600 local jobs upon completion.

Recently, groups from Tenpower's headquarters operations center, administration center, and marketing center have traveled to Malaysia to begin preliminary work. Once the facility is completed, it will have an annual production capacity of over 400 million cylindrical lithium batteries in models 18, 21, 46, and 50.

Tenpower is the largest lithium-ion battery manufacturer in China and the second largest in the world. Previously in March, former executive councillor for investment Dato' Teng Chang Khim revealed the state government had attracted RM60 billion in approved investments involving various sectors last year.