Tianpeng Power Supply Malaysia Factory officially started construction

Tianpeng Power's Malaysia factory was built to cope with the increasingly severe overseas market environment. The project plans to invest a total of US$280 million to build a new 10GWh cylindrical lithium battery manufacturing project. The factory was officially started on November 21, 2023, and the first phase is expected to be put into production in the second quarter of 2025. This move will help support high-end customers in scenarios such as global power tools, as well as develop two-wheeled vehicle companies in Southeast Asia and South Asia, and enhance the company's global service competitiveness.