China-based Eve Energy is set to invest up to RMB8.65 billion (USD 1.2 billion) in a major expansion of its energy storage battery production facility in Kulim City, Kedah, Malaysia. The project, led by its local subsidiary Eve Energy Storage Malaysia Sdn Bhd, aims to meet rising global demand and counter risks from ongoing international trade tensions.
The new facility, spanning 484,000 square meters, will build on Eve’s existing Malaysian operations that began in February 2025. The plant will enhance the company’s overseas production capacity, supporting its strategic pivot toward energy storage technologies. Construction is expected to be completed within 2.5 years, pending approvals from regulators in China and Malaysia.
Eve Energy, which ranked sixth in China’s EV battery market in May 2025, with 2.09 GWh in installations, sees the project as key to deepening its Southeast Asia footprint. The company is also developing an EV battery factory in Hungary as part of its broader international expansion.