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Jiangsu Linyang Energy has progressed its plans for a 10GWh lithium battery project in Malaysia by purchasing 48 acres of industrial land in the country’s Selangor state for MYR13.6 million (US$2.95 million), the company said.
The project - to be implemented by the company's wholly-owned subsidiary, Tenpower Malaysia - is estimated to need a total investment of US$280 million.
Indonesia wants Tesla as part of its plan to become a regional EV hub
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