February 25, 2025 - the Malaysian Investment Development Authority (MIDA) held the 2025 media conference in Kuala Lumpur, announcing a number of investment data for Malaysia in 2024, all of which have set a record high. As one of the 9 key projects to be implemented in Malaysia in 2024, the COSMX Malaysia Factory Project was spoken highly by MIDA for its contribution to promoting Malaysia's new energy transformation and creating sustainable value.

Upgrade Global Layout upgraded by Create an Intelligent Benchmark Factory

As a leading polymer lithium-ion battery R&D and manufacturing company, COSMX has always adhered to technological innovation, quality excellence and customer satisfaction as its core pursuit. The COSMX Malaysia New Energy Project was officially laid on January 21, 2025, with a total investment of approximately 2 billion CNY, and is scheduled to be put into production at the end of 2025. The construction of this production base is to meet the rapidly growing customer needs and is an important part of COSMX's globalization strategy. The implementation of this project will not only further improve COSMX's global manufacturing layout and help the company have stronger competitiveness in the global lithium battery manufacturing field, but also make positive contributions to Malaysia's economic development, scientific and technological progress and green transformation.

Picture 1: Aerial view of COSMX Malaysia Factory, with 2 battery cell production lines and 3 pack production lines

Promote Energy Transformation and Empower Local Industry

The Malaysian government plans to significantly increase the sales share of new energy vehicles by 2030, and the construction of COSMX's factory is timely. Through localized production, the project not only avoids the risk of international trade barriers, but also promotes the upgrading of the Southeast Asian lithium battery industry chain through technology output, helping to form an industrial cluster effect. As a leading automobile lithium-ion start-stop battery manufacturer, COSMX's stable cooperation with international leading automakers such as Stellantis, General Motors, and Jaguar Land Rover has further strengthened its competitiveness in the field of lithium-ion start-stop batteries. Through the layout of Malaysia, COSMX will put Malaysia into a key role in the supply chain system while improving its own global customer response and delivery capabilities, providing strong support for entering the global electric vehicle supply chain.

Picture 2: COSMX Malaysia Factory under construction, expected to be completed and put into production in March 2026

Creating Sustainable Value and Practicing Social Responsibility

The COSMX Malaysia project is expected to create hundreds of local jobs and improve the skills of local talents through technical training. At the same time, the factory adopts green production processes to reduce carbon emissions, which is highly consistent with Malaysia's "2040 Low-Carbon City Blueprint" goal. COSMX will be committed to transforming technological advantages into social value and help Malaysia become a new energy manufacturing hub in Southeast Asia.

Future Outlook: Deepen Cooperation and Explore Blue Ocean Markets Together

With the construction of the COSMX Malaysia Factory and the gradual release of production capacity, COSMX will not only consolidate its leading position in the world's top-two consumer lithium-ion polymer batteries, but also regard power batteries as a breakthrough to promote the accelerated transformation of new energy of Malaysia.

As one of the benchmarks for China's lithium battery going overseas, the establishment of COSMX Malaysia Factory is not only a remarkable step in the company's globalization strategy, but also a vivid practice of China and Malaysia jointly building the "Green Silk Road". In the future, COSMX will continue to integrate technological innovation and localization to provide a "Chinese solution" for global sustainable development and continue to contribute COSMX's strength.