China EV lithium battery manufacturer sets up production base in Penang
PENANG received a boost in its standing as a preferred manufacturing hub when China''s electric vehicle (EV) lithium battery maker, INV New Material Technology (M) Sdn
INV New Material Technology (M) Sdn Bhd will become the region's first lithium separator factory. Penang Chief Minister Chow Kon Yeow (third left) at the ground-breaking ceremony of INV New Material Technology (M) Sdn Bhd's new plant at the Penang Technology Park in Bertam, Kepala Batas. – Ian McIntyre pic, December 1, 2023.
As the economic core of Northern Malaysia, Penang—supported by its advanced manufacturing base and well-established industrial ecosystem—has attracted numerous new energy enterprises and is rapidly emerging as a manufacturing and technological innovation hub for the ASEAN lithium battery industry.
China's INV New Material Technology (M) Sdn Bhd has officially launched its RM3.2 billion manufacturing facility in Penang, positioning Malaysia as a strategic player in the global lithium-ion battery supply chain.
Ian McIntyre pic, December 1, 2023. PENANG received a boost in its standing as a preferred manufacturing hub when China's electric vehicle (EV) lithium battery maker, INV New Material Technology (M) Sdn Bhd, decided to set up shop at the Penang Technology Park in Bertam, Kepala Batas.
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