- INV New Material Technology opens an RM3.2B plant in Penang to produce lithium-ion battery separators for EVs.
- The facility supports Malaysia’s New Industrial Master Plan 2030, boosting the EV ecosystem and high-tech manufacturing.
- The plant features advanced automation and digital technologies to drive efficiency, sustainability, and innovation.
China’s INV New Material Technology Sdn Bhd has officially opened its RM3.2 billion (USD 750 million) production plant in Penang.
The recently opened facility will manufacture wet-processed and coated lithium-ion separators, a crucial element in the production of EV batteries, as stated in a media announcement.
“Anchored in the New Industrial Master Plan 2030 and the Chemical Industry Roadmap 2030, this investment bridges a critical gap in our EV ecosystem and embeds advanced materials into our supply chain,” Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), said. “It sets a new standard for high-tech manufacturing, while strategically catalysing broader industrial growth, and attracting more global and local players to strengthen Malaysia’s position in the global EV value chain.”
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INV New Material Technology is a fully owned subsidiary of Shenzhen Senior Technology Material in China.
“We are honoured to be part of Malaysia’s journey in building a robust, forward-looking electric vehicle ecosystem,” said Liu Rui, Chief Executive Officer of INV New Material Technology (M) Sdn. Bhd. “This facility is not just an investment in infrastructure, but a long-term commitment to sustainability, innovation, and talent development.”
The media release stated that INV's facility will incorporate cutting-edge automation, intelligent manufacturing systems, and digital technologies to optimize operational efficiency, improve accuracy, and encourage sustainable practices.