American Energy Storage Innovations Announces New
AESI is a pioneering provider of advanced grid-scale battery energy storage systems designed for high reliability, superior performance and the lowest total cost of ownership.
Eve Energy plans to build a new battery project in Malaysia to further expand its footprint in Southeast Asia. The Chinese battery giant plans to build a project in Malaysia for the production of energy storage batteries, with an investment of no more than RMB 8.65 billion ($1.2 billion), according to a stock exchange announcement on June 27.
Speaking at the inauguration, Penang Chief Minister Chow Kon Yeow welcomed the project as a major boost to the state's high-tech and green industry ecosystem. The plant is expected to create 1,200 skilled jobs and foster partnerships with local universities to promote research and innovation in battery technologies.
As a unit of Shenzhen Senior Technology Material Co Ltd, INV New Material's investment underscores growing global confidence in Malaysia's manufacturing capabilities. Company chairman Datuk Chen Xiu Feng said Penang offers the perfect industrial environment and geographic advantage to serve Southeast Asia and beyond.
At full capacity, the plant aims to deliver two billion sqm of battery separators annually, securing an estimated 15% share of the global market. Speaking at the inauguration, Penang Chief Minister Chow Kon Yeow welcomed the project as a major boost to the state's high-tech and green industry ecosystem.
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