Eve Energy Global

The energy storage battery project is an expansion of Eve Energy's existing facility in Malaysia, which began operations in February this year.

The Malaysian plant is Eve Energy's first overseas factory, and 53rd globally.

The joint venture will produce square LFP batteries for selected North American commercial vehicle applications with an annual capacity of about 21 GWh.

The regional headquarters are aimed at serving customers close to where they are and mark Eve Energy's transition to global operations, it said.

Eve Energy plans to set up an energy storage company in Malaysia and acquire new land parcels to begin construction of an energy storage plant.

The joint venture will manufacture and sell products including battery modules and outdoor battery cabinets, as well as build energy storage system projects there.

Eve Energy US will hold a 10 percent stake in the joint venture, which will produce batteries primarily for use in designated North American commercial vehicle segments.

Eve Energy will set up a joint venture in Thailand under which it will build a battery production base with a capacity of at least 6 GWh.

The battery plant will support electric two-wheeler and power tool manufacturers in Malaysia and Southeast Asia, Eve Energy said.