In a strategic move to bolster the burgeoning electric vehicle (EV) sector, South Korean giant SK Nexilis plans to channel a hefty RM3.4 billion into an expansive battery industry chain project in Sabah, announced Ginger Phoong Jin Zhe, Sabah’s Minister of Industrial Development and Entrepreneurship.
Previously, the SK Group, South Korea’s second-largest conglomerate, infused an impressive RM4.2 billion into the construction of the world’s largest copper foil manufacturing facility in Sabah. This grand project will further witness an infusion of RM 300 million to leverage cutting-edge technology to optimize copper raw material usage, subsequently boosting the output of copper foil.
Following a recent visit to South Korea, Phoong expressed optimism about this ambitious venture’s potential to holistically cultivate the battery industry chain, subsequently turbocharging Sabah’s EV sector.
The strategically located copper foil manufacturing plant in Kota Kinabalu Industrial Park is on track to kick-start production by year-end. “SK Nexilis has already completed their first product inspection in Sabah,” Phoong added.
Highlighting the indispensable role of copper foil in EV batteries, Phoong elucidated its role as just a single cog in the massive EV industry wheel. He envisioned the fast-paced EV industry, committed to achieving net-zero, igniting the next automotive revolution. “Conventional automobiles will gradually be replaced by electric vehicles, not just household vehicles, but also commercial vehicles, buses, and industrial machinery. The potential and significance of this industry are unparalleled,” he asserted.
This news report is based on the original article published on malaymail.com.
