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What is inv new material technology (M) Sdn Bhd doing in Penang?

Battery manufacturer INV New Material Technology (M) Sdn Bhd is committing a remarkable RM6.4 billion investment to establish its first-ever manufacturing plant in Penang. The Penang Technology Park@Bertam in Kepala Batas witnessed a significant groundbreaking ceremony yesterday, marking the commencement of this state-of-the-art facility.

Where are lithium batteries made in Malaysia?

Additionally, Kuala Lumpur boasts state-of-the-art manufacturing facilities, facilitating the production of diverse lithium battery variants to meet the demands of various sectors. Penang, often dubbed the 'Silicon Valley of the East,' is another prominent hub for lithium battery manufacturing in Malaysia.

Is Malaysia a strategic player in the lithium-ion battery supply chain?

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.

Which is Penang's first lithium separator factory?

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.

Why is Penang a good place to buy a lithium ion battery?

Penang's strategic location also ensures efficient logistics, enabling manufacturers to seamlessly distribute their products worldwide. Established in 2008, LithiumTech Solutions Sdn Bhd has cemented its position as a premier lithium ion battery manufacturer in Malaysia.

When will the first lithium battery separator factory be built in Malaysia?

The establishment of INV in Penang, Malaysia signifies the inauguration of the first lithium battery separator factory in the ASEAN Region. The facility is scheduled for completion by July 2025, with the fifth-generation super wet-method production line set to be fully operational by September 2025.