Shuangdeng plans Malaysia subsidiary to build Southeast Asia lithium-ion battery plant

Reuters04-01

Shuangdeng plans Malaysia subsidiary to build Southeast Asia lithium-ion battery plant

Shuangdeng Group plans to set up a wholly owned subsidiary in Malaysia to build a lithium-ion battery production facility for Southeast Asia.
Board authorization covers site selection and equipment sourcing for Malaysia operations, with work aimed at starting production once filings and approvals are completed.
IPO proceeds earmarked for Southeast Asia battery capacity have not been spent as of March 31, 2026.
Move targets faster access to Southeast Asia energy storage demand, where GDP is projected to rise to USD 4.6 trillion by 2029 from USD 3.5 trillion in 2025.
Malaysia location is intended to improve cost competitiveness, citing lower labor costs and logistics costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shuangdeng Group Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260331-12084671), on March 31, 2026, and is solely responsible for the information contained therein.

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