EVE Energy Announces 3.277 Billion Yuan Investment for Aggressive Expansion in Malaysia, Boosting Lithium-ion Battery Production Capacity

Published: Jul 8, 2024 15:36

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[EVE Energy Announces Aggressive Expansion with a Budget of 3.277 Billion Yuan] On July 6th, EVE Energy announced that its wholly-owned subsidiary, EVE Energy Malaysia Co., Ltd., plans to invest in the construction of an energy storage battery and consumer battery manufacturing project with its own and self-raised funds, with an investment not exceeding 3.277 billion yuan. The construction period of the energy storage production base and consumer battery production line project that EVE Energy is investing in Malaysia will not exceed 2.5 years, and the scale of the project's construction land is approximately 220,000 square meters. This investment is in line with the company's development strategy and long-term planning, and will further promote the smooth progress of the company's overseas business. It is conducive to expanding the production capacity of prismatic lithium-ion batteries and cylindrical lithium-ion batteries, meeting the rapidly growing market demand in the battery supply field, continuously strengthening the company's market position in the lithium battery field, and has a positive and far-reaching impact on the company's global industrial layout.

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