Sapura Industrial Partners with Zhejiang Zhongze Precision Technology for Battery Component Manufacturing

2025/03/07
Cooperation
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Malaysia
On March 6, 2025, Sapura Industrial's wholly-owned subsidiary, SIB Ventures, signed a Memorandum of Understanding (MoU) with Zhejiang Zhongze Precision Technology Co Ltd to establish a battery component manufacturing facility in Malaysia. The collaboration aims to conduct feasibility studies and advance the local manufacturing of battery components for commercial and industrial applications. Additionally, Sapura Industrial announced in November 2024 the acquisition of Mili Tech's business as part of a joint venture to enter the EV and hybrid car battery refurbishment and recycling sector.
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Paul Tan
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