Microvast Announces Energy Division Expansion in Colorado - Seite 2

The facility will be used to assemble and ship Microvast’s industry-leading ESS solutions and expand Microvast’s energy division, supplementing the Company’s Technology and Testing Center in nearby Timnath.

“Microvast takes pride in our track record of manufacturing high-quality, safe products,” said Ward. “Our facilities adhere to stringent quality control standards, and we continuously invest in research and development to stay at the forefront of technological advancements.”

Microvast’s ME-4300 ESS is a 20-foot battery container featuring an industry-leading 4.3MWh energy density and maintains functionality for more than 10,000 cycles. Higher density translates to fewer containers, a smaller footprint, easier installation, and reduced maintenance. With its capability to discharge for 2 and 4 hours, the ME-4300 battery energy storage solution is designed for energy-shifting applications, such as renewables integration, peak demand, and capacity support.

About Microvast

Microvast is a technology innovator that designs, develops, and manufactures lithium-ion battery solutions. Microvast is renowned for its cutting-edge cell technology and its vertical integration capabilities, which extend from core battery chemistry (cathode, anode, electrolyte, and separator) to modules and packs. By integrating the process from raw material to system assembly, Microvast has developed a family of products covering a breadth of market applications, including electric vehicles, energy storage, and battery components. Microvast was founded in 2006 and is headquartered in Houston, Texas.

For more information, please visit www.microvast.com or follow us on LinkedIn or Twitter (@microvast).

Cautionary Statement Regarding Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding Microvast’s industry and market sizes, future opportunities for Microvast and the combined company and Microvast’s estimated future results. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic, and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.

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The Microvast Holdings Stock at the time of publication of the news with a raise of +4,48 % to 2,330EUR on Nasdaq stock exchange (11. Juli 2023, 16:01 Uhr).