Tenpower Malaysia Sdn Bhd is a wholly-owned subsidiary of Jiangsu Azure Group, a publicly listed company in China. Recently, Tenpower Malaysia and Lion Group reached a sales and purchase agreement for the industrial land in Selangor, involving 48 acres of land. The signing of the agreement marks the continuous progress of the construction of Tenpower Malaysia lithium-ion battery project. Lion Group has played a pivotal role in the development and subsequent promotion of Tenpower Malaysia’s project, emerging as a crucial partner of Tenpower.
The investment amount of Tenpower Malaysia project is USD 280 million (approximately RM 1.32 billion), and the construction area is approximately 120,000 square meters. Adhering to the consistent construction policy, the company is committed to transforming the Malaysian factory into a garden factory of industry 4.0. The factory is dedicated to producing cylindrical lithium-ion batteries that boast high power, high safety, and high reliability, while also offering innovative product experiences for customers involved in high-end electric tools, intelligent travel, clean electrical appliances, and energy storage.
Tenpower Malaysia has become an essential component of Jiangsu Azure Group’s global layout, and it effectively embodies Jiangsu Azure Group’s internationalization strategy and differentiated competition strategy. As a high-tech enterprise, it will also contribute to the economic and social development of Malaysia, and cultivate scientific and technological talents in the field of new energy and intelligent manufacturing for Malaysia.