Hunan Yuneng To Establish First Southeast Asia Plant In Malaysia

Leading Chinese battery materials producer Hunan Yuneng New Energy Battery Material Co Ltd will be establishing its first Southeast Asian manufacturing facility in Malaysia after it signed a memorandum of understanding with Invest Negeri Sembilan and SPD Tech Valley Sdn Bhd on Aug 7.

The state-of-the-art plant, which will focus on lithium battery cathode materials, is set to create over 200 new jobs.

The agreement was signed by Invest Negeri Sembilan COO Datuk Najmuddin Sharif Sarimon, Hunan Yuneng Deputy CEO Liang Kai and SPD Tech Valley CEO Ten Wee Seong, witnessed by Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun.

Liang said the facility would be Hunan Yuneng’s “strategic springboard” into Southeast Asia, strengthening Malaysia’s role as a regional hub for the new-energy battery ecosystem.

Meanwhile, the Malaysian Investment Development Authority CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid hailed the deal as a “significant milestone” that aligns with Malaysia’s New Industrial Master Plan 2030 and the 13th Malaysia Plan, underscoring sustainability, innovation and advanced technology as core growth pillars.

He shared that in the first quarter of 2025, Malaysia secured RM89.8 billion in approved investments, with manufacturing contributing RM30.5 billion. The chemicals and chemical products sub-sector, where lithium battery materials sit, attracted RM4.2 billion, signalling strong investor confidence in the country’s industrial diversification. News Link: https://www.businesstoday.com.my/2025/08/08/hunan-yuneng-to-establish-first-southeast-asia-plant-in-malaysia/