EVE Energy Co Ltd has entered into a Memorandum of Understanding (MoU) with InvestKedah to advance Phase 2 of its manufacturing facility in Malaysia. The agreement, finalized on March 16, 2025, was witnessed by Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA).
This expansion aims to meet the growing global demand for energy storage system (ESS) solutions while generating over 1,000 new jobs in Malaysia. EVE Energy also intends to strengthen collaborations with local suppliers, fostering a technologically advanced battery manufacturing ecosystem.
Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade, and Industry, emphasised,
“EVE Energy’s Phase 2 expansion in Kedah underscores Malaysia’s strategic position as a forward-thinking center for advanced manufacturing and sustainable energy solutions.”
Highlighting Malaysia’s aspiration to lead in electric vehicle (EV) and battery technology, MIDA CEO Datuk Sikh Shamsul Ibrahim noted that the MoU supports this national goal.
Liu Jincheng, Chairman and Founder of EVE Energy, affirmed that the Malaysian facility will set a benchmark for global expansion, driving the transformation towards green energy through innovation.
In 2024, Malaysia allocated RM15.8 billion for investments in the transport equipment sector, reinforcing its commitment to sustainable mobility. EVE Energy’s expansion is poised to further accelerate growth in the EV industry and promote clean energy solutions across the region.
