Investment represents confidence of multinational companies in MalaysiaSamsung SDI Energy Malaysia Sdn Bhd witnessed a significant milestone yesterday with the opening of its Phase Two EV battery cell manufacturing facility in Seremban. A cumulative US$1.57 billion investment , will be injected in opening its production location in Southeast Asia and the first EV battery cell facility in Malaysia.
Catering to global demand of electric vehicles, Samsung SDI Co Ltd invested an additional RM7 billion in Malaysia, setting up and operating an EV battery cell manufacturing plant in Seremban, operated by Samsung SDIEM. “I appreciate the role played by Samsung SDIEM in developing the industry based on green technology. This is in line with the goals of the country to achieve a zero-carbon nation as early as 2050 as stated in the 12th Malaysia Plan strategy,” he added.