Eve Energy’s $1.2B Bet on Malaysia: Inside the Massive New Lithium Battery Plant

Chinese lithium giant Eve Energy is making a massive $1.2 billion investment in Malaysia, signaling a major push to dominate the global energy storage market.

This isn’t just about building another factory.

It’s a strategic move to future-proof their supply chain, meet insane global demand, and navigate an increasingly complex international trade environment.

Let’s break down what’s happening.

Breaking Down Eve Energy’s ¥8.6 Billion ($1.2 Billion USD) Malaysia Megaproject

On June 27, 2025, Eve Energy (Yìwéi Lǐnéng 亿纬锂能), a titan in the battery space, officially dropped the news.

Their grandchild company, EVE Energy Storage Malaysia Sdn. Bhd., is pouring a huge amount of capital into a new facility in Kedah, Malaysia.

Here are the quick-and-dirty details:

• The Investment: A whopping ¥8.654 billion RMB (which is roughly $1.22 billion USD).
• The Location: A sprawling 484,000 square meter plot in Kulim, Kedah, Malaysia.
• The Project: Officially named the “Malaysia High Safety, High Reliability, Long-Life New Energy Storage Project.” (A bit of a mouthful, but it tells you exactly what they’re focused on).
• The Timeline: The construction is expected to be wrapped up in under 2.5 years.
• The Funding: A mix of the company’s own cash, funds from stock issuance, and bank loans.

This move is a BFD, and it’s happening fast. The board has already greenlit the project, so it’s full steam ahead.

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Capacity Expansion: Targeting Global Energy Storage Demand

So, why the huge spend in Southeast Asia?

It’s a multi-layered strategy.

First, demand for energy storage is exploding globally. From grid-scale power banks to home energy systems, the world needs more high-quality batteries, and Eve Energy is positioning itself to be the supplier.

Second, it’s about derisking.

Eve Energy explicitly stated this investment helps them navigate the “international trade environment.”

Building production capacity overseas in a strategic location like Malaysia helps them mitigate risks from trade friction and tariffs, making their supply chain more resilient.

This isn’t their first rodeo in the country, either.

Eve Energy’s existing Malaysian factory is already a key hub, built to serve Asia and the rest of the world. Equipment for their cylindrical lithium battery project—which serves the e-bike, power tool, and consumer electronics markets—started arriving in December 2024.

That facility alone will churn out 680 million units a year, with mass production kicking off in early 2025.

By the Numbers: A Look at Eve Energy’s Financials

To understand the “why,” you just have to look at their books.

According to their 2024 financial report:

• Total Revenue: ¥48.615 billion RMB ($6.86 billion USD)
• Net Profit: ¥4.076 billion RMB ($575 million USD), up 0.63% from the previous year.
• Energy Storage Battery Revenue: ¥19.03 billion RMB ($2.69 billion USD).

That last number is the kicker.

Revenue from energy storage batteries jumped an incredible 16.44% year-over-year. It’s their second-biggest segment and the fastest-growing part of their business.

This investment isn’t a random bet; it’s pouring fuel on their hottest fire.

As of June 27, Eve Energy’s stock (code: 300014) closed at ¥44.95 RMB ($6.34 USD) per share, giving it a total market cap of ¥91.96 billion RMB ($12.99 billion USD).

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The Big Picture: Risks, Rewards, and the New Normal

• Red Tape: Requires final approval from government departments in China and Malaysia.
• Land Issues: Potential for long and complex processes regarding land deeds.
• Market Volatility: Risks from changes in global economy, industry policies, or market conditions.

Industry experts see this as part of a larger trend.

Chinese lithium battery companies building factories overseas is becoming the standard playbook. It allows them to get closer to their end markets and skillfully sidestep trade barriers.

But it’s not without its challenges.

Eve Energy was transparent about the potential hurdles:

• Red Tape: The project still needs final approval from government departments in both China and Malaysia.
• Land Issues: The process for handling land deeds is notoriously long and complex.
• Market Volatility: Changes in the global economy, industry policies, or market conditions could delay the project or impact its profitability.

The key for companies like Eve Energy is finding the sweet spot between aggressive expansion and smart risk management.

As the world electrifies at a breakneck pace, Eve Energy’s massive $1.2 billion investment in Malaysia is a clear sign of where the future of battery manufacturing is heading.

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References

• 锂电巨头新动作！超86亿元投资落子东南亚 – 东方财富网
• 中国基金报 – China Fund News