Malaysia Bolsters EV Hub Status with INV New Material’s Battery Separator Facility Launch
PENANG, June 30 – Malaysia solidified its role as Southeast Asia’s leading electric vehicle (EV) hub with the launch of INV New Material Technology’s RM3.2 billion lithium-ion battery separator facility in Penang. As the region’s first such commercial plant, it produces 1.3 billion square meters of critical EV battery components annually, aligning with the New Industrial Master Plan 2030 and Chemical Industry Roadmap 2030. The facility creates over 2,000 jobs, including 550+ high-skilled roles, fostering technology transfer and workforce upskilling. With advanced automation and sustainable practices, it attracts global investment, strengthening Malaysia’s EV ecosystem and high-tech manufacturing leadership. – Bernama
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
MGB Bhd secures a RM44.7m contract in Saudi Arabia for villa development, enhancing its regional…
The FBM KLCI retreated as rising oil prices, renewed geopolitical tensions and concerns over AI…
Bukit Mertajam MP Steven Sim calls for investigation into human trafficking following a police raid,…
Bursa Malaysia fined CFM and its eight directors RM2 million for listing breaches, underscoring stricter…
Lembaga Tabung Haji has improved its financial position through recovery efforts, enhancing asset quality and…
Schroders Capital's Q3 2026 outlook highlights private markets' resilience and the need for selective, deliberate…
This website uses cookies.