It will serve customers in the power tool and electric two-wheeler sectors in Southeast Asia, Europe and North America, Bernama reported.

The Malaysian Investment Development Authority (Mida), in a joint statement with EVE Energy today, said the factory will eventually employ 2,000 workers, most of them with technical skills.

Mida CEO Sikh Shamsul Ibrahim Sikh Abdul Majid said in the face of increasingly severe challenges posed by climate change, energy transition and low-carbon development will be at the core of future industries like this.

He said Malaysia was promoting technological innovation and energy transition for future sustainable development.

EVE Energy senior vice-president Vincent Wong said the plant had been completed in just 16 months after the groundbreaking ceremony in August 2023.

The factory will commence operations in the first quarter of 2025.

EVE Energy co-founder and CEO Liu Jianhua said the factory will promote further cooperation and exchange between China and Malaysia in the field of new energy.

The launching ceremony was attended by Huizhou municipal government deputy mayor Li Junling, Sikh Shamsul, Kedah state executive councillor Haim Hilman Abdullah and Liu.