“At the Malaysian plant, we will build facilities that can fully materialise our technology of making the thinnest and widest battery copper foil,” Kim Young-tae, CEO of SK Nexilis, reportedly said. “By building the plant in Malaysia, we will improve cost competitiveness and enhance our commitment to RE100, so we can consolidate our status as the world’s No. 1 supplier of battery copper foil.”
RE100 is a global initiative that has companies commit to operating on 100% renewable energy. That explains SK Nexilis’ reference to hydropower in Malaysia. All in all, Malaysia may be (slowly) turning out to be a key industrial base for the production of electric vehicles.