The CEO of Invest Kedah Berhad, Mr. Muhamad Mahazi bin Haji, was invited to witness the signing of a Memorandum of Understanding (MOU) between EVE Energy Malaysia Sdn. Bhd. (EVE) and Pemaju Kelang Lama Sdn. Bhd. in Kuala Lumpur.
Located in Kulim, Kedah, the manufacturing plant represents a significant investment of up to USD422.3 million. This facility will be the 53rd plant for EVE and will lead the development of the International Cylinder Battery Industrial Park in Malaysia. The plant will primarily focus on producing lithium-ion cylinder batteries for power tools and electric two-wheelers. Additionally, this project has the potential to generate 600 high-quality new job opportunities, further contributing to the local economy and job sector.
This MOU signing marks the progress of EVE’s project in Malaysia, which effectively meets the company’s need to expand its cylinder battery production capacity to support the production of electric two-wheelers and power tools, particularly in Malaysia and Southeast Asia.
YB Dato’ Wira Ku Abd Rahman bin Ku Ismail, Senior Member of the Kedah State Government Council (Chairman of the Industry and Investment, Higher Education and Science, Technology & Innovation Committee of Kedah Darul Aman), said, “I would like to emphasize that the Kedah State Government is fully committed to supporting businesses and investors throughout their journey in Kedah. Our dedicated agencies, such as Invest Kedah Berhad, are here to provide assistance and facilitate a smooth investment process, starting from pre-investment to post-investment stages. We understand that challenges may arise, and rest assured, we are ready to address any concerns and provide the necessary support.”