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A subsidiary of JAKS Resources Bhd signed a memorandum of understanding (MOU) with China’s AVIC Battery Group to explore the battery energy storage system (BESS) market in Southeast Asia.
JAKS Solar Power Holdings Sdn Bhd has signed a memorandum of understanding with CALB to jointly explore the Southeast Asian market, including Indonesia, Singapore, Thailand and Vietnam. The agreement covers the establishment of a joint venture to produce AVIC lithium battery modules or battery packs. AVIC Lithium Battery focuses on the development, design and manufacturing of lithium-ion batteries, including electric vehicles and energy storage systems.
JAKS CEO said the cooperation will bring more renewable energy-related opportunities and is in line with export and renewable energy policies. They are optimistic about the future results of cooperation.
(Source: theedgemalaysia Image source: freepik)
