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KUALA LUMPUR: Battery maker INV New Material Technology (M) Sdn Bhd will start works on the RM3.2 billion phase one lithium battery plant in Penang. A major groundbreaking ceremony was held at the Penang Technology Park@Bertam in Kepala Batas recently to officially launch this cutting-edge facility.
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.
At full capacity, the plant aims to deliver two billion sqm of battery separators annually, securing an estimated 15% share of the global market. Speaking at the inauguration, Penang Chief Minister Chow Kon Yeow welcomed the project as a major boost to the state's high-tech and green industry ecosystem.
Ian McIntyre pic, December 1, 2023. PENANG received a boost in its standing as a preferred manufacturing hub when China's electric vehicle (EV) lithium battery maker, INV New Material Technology (M) Sdn Bhd, decided to set up shop at the Penang Technology Park in Bertam, Kepala Batas.
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