China’s Zhuhai CosMX to invest RM1bil in new Malaysia plant

KUALA LUMPUR: China’s Zhuhai CosMX Battery Co Ltd will invest 1 billion ringgit ($232 million) to build its first manufacturing plant in Malaysia’s Kedah state, the Malaysian Investment Development Authority said on Friday.

Zhuhai CosMX makes consumer lithium-ion battery and power lithium-ion batteries. -…