Yuneng CAM battery plant in Malaysia targets booming LFP demand

Yuneng

China’s Hunan Yuneng will build the Yuneng CAM battery plant in Malaysia to serve surging overseas demand. The $133mn project will add 90,000 t/yr of cathode active material capacity. The Yuneng CAM battery plant in Malaysia positions the company closer to EV and energy-storage customers.

Capacity, timeline, and market rationale

Yuneng will invest 950mn yuan to establish a wholly owned Malaysian subsidiary. Construction will take 15 months after approvals. The Yuneng CAM battery plant in Malaysia leverages Asean trade access and logistics advantages. LFP batteries now win on cost and durability, boosting global adoption. Major automakers are embracing LFP cells across mass-market models.

Yuneng’s growth and the wider China CAM push

Yuneng ran at 101% utilization in 2024, producing 735,462t of LFP. It sold 710,565t, with 41% shipped to energy storage projects. Overseas capacity hedges policy risk and potential domestic oversupply. Meanwhile, Chinese peers expand abroad to diversify supply chains. Lopal launched Indonesian LFP output in 2024, and Ronbay plans a European line. Easpring is building CAM in Finland, while XTC and Orano advance CAM facilities in France.

The Metalnomist Commentary

Yuneng’s Malaysian move strengthens regional sourcing for EV and ESS cathodes. Watch siting, permitting, and feedstock procurement during execution. If timelines hold, Southeast Asia gains strategic weight in the global LFP ecosystem.