YBS to enter manufacturing partnership with Enovix

KUALA LUMPUR: YBS International Bhd has entered into a manufacturing agreement with New York-listed Enovix Corp to be the non-exclusive supplier of Enovix in Asia for the manufacture of lithium-ion batteries.

In a filing with Bursa Malaysia, Enovix said the proposed collaboration will serve as a plaform for the group and its subsidiaries to diversify, expand and further strengthen its businesses.

"The collaboration will also provide another income stream to the Group which will contribute to the profitability of the Group in the future," it said.