KUALA LUMPUR, Nov 16 (Reuters) - Enovix Corporation, a U.S.-based advanced silicon battery firm, will establish a 5.8 billion ringgit ($1.23 billion) high-volume manufacturing facility in Malaysia, the Malaysian Investment Development Authority said in a statement on Thursday.

The investment, which will be spent over a period of 15 years, includes the first manufacturing line amounting to 315 million ringgit, the agency said.

($1 = 4.7050 ringgit) (Reporting by Rozanna Latiff)