Shanghai (ZXZC)- On May 12, EVE Energy Malaysia Sdn. Bhd., a wholly-owned subsidiary of Chinese power battery maker EVE Energy, signed a memorandum of understanding (MOU) with PEMAJU KELANG LAMA SDN.BHD. (referred to as "PKL") in Kuala Lumpur to acquire land for a factory in Malaysia.

The EVE Energy Malaysia factory, which is also the 53rd factory of EVE Energy, will set up an "international cylindrical battery industrial park" project with an investment of no more than 422.3 million US dollars. Located in Kulim town, Kedah state, Malaysia, it will mainly produce cylindrical batteries and directly create 600 jobs.

Photo credit: EVE Energy

The project will mainly produce the 21700 cylindrical batteries for electric tools and electric two-wheelers. Currently, EVE Energy has the production capability and technical reserves for such products and will further expand its production capacity to fully meet the downstream customers’ demands.

The recent signing of this MOU marks the effective promotion of the EVE Energy Malaysia project to meet the company's further expansion of cylindrical battery production capacity, so as to support the manufacturing of electric two-wheelers and electric tools in Malaysia and other regions in the Southeast Asia, said the company.