Tenpower Malaysia Factory Kicks Off Production - A Strategic Growth for India's Battery Ecosystem.
Asia’s battery supply chain has led to a big revolution as Tenpower has just started their operations in their technologically advanced all-new manufacturing unit in Selangor, Malaysia. This strategic advancement will enhance India's fastest growing sustainable electric mobility and energy sectors, thus making Indian manufacturers a mainstream source of lithium-ion supply.
How will this benefit India?
The official commencement of Tenpower’s Malaysia Production is according to India's electrification goals and recently sanctioned agreement between India-Malaysia Free Trade Agreement (FTA). This strategic amalgamation will lead to a lot of benefits for Indian Battery manufacturers and OEMs:
- There is a special exemption of 25% provided by India’s annual budget, in which 5.5% is allocated on EV battery imports, but it is unstable as this allocation can be cancelled anytime, thus making FTA Malaysian Imports with zero tariff benefits.
- As nearly 68% of the world's battery production is located in China, Tenpower Malaysia will supply India with a geographical advantage and options for market diversification.
- There will be significantly less shipping times now and seamless customs through smooth FTA channels.
- There will be a US export advantage as for Indian battery pack exporters focussing on US markets will have a choice for constructing Malaysia-developed cells, thus giving them an extra alternative to align with US trade policies.
A Worldwide Center for Indian Industries.
The Malaysia Factory is a big facility that produces 400 million + cylindrical cells annually, which includes both NMC and LFP, key areas where India is advancing at a great pace.
- Electric Vehicles: High Performance cells for cost-effective EVs.
- Power Tools & Industry components: Reliable and efficient batteries for production.
- Energy Storage: Innovative solutions for India’s renewable push.
- Consumer Electronics and Smart Devices: Reliable, Durable batteries.
About Tenpower
Tenpower is a leading manufacturer focussing on developing core lithium-ion battery cells and has superior expertise in making high-rate lithium-ion battery cells. With 19 years of experience, the company specializes in basic material research and electrochemical advancements.
Having professional experience in the power generation industry. Tenpower always believes in a quality approach as it invests heavily in advanced and highly innovative equipment and rigorous quality processes.
