KUALA LUMPUR, Malaysia–(BUSINESS WIRE)–Hong Seng Consolidated Berhad (“Hong Seng” or “the Group”) announced today that it has entered into a Memorandum of Understanding (“MoU”) with EoCell Inc. (“EoCell”) to develop a regional manufacturing hub in Malaysia, to manufacture batteries for Electric Vehicles (EV) and progress to energy storage solutions (“ESS”) which will eventually be supplied to EV manufacturers, assemblers and users in the Southeast Asian region (“Project”).
EoCell, based in Silicon Valley, California, is a research and technology company specializing in the design and development of high-energy nano-silicon anode materials and non-flammable electron technologies for advanced silicon and solid-state batteries. EoCell holds a number of patents in battery technology in the United States, is currently in a collaboration arrangement…