Microvast, headquartered in Stafford, Texas, with offices in China, the UK and Germany, is a manufacturer of lithium-ion battery systems for electric and hybrid transit buses. The company recently announced record annual sales for 2016 – over 7,500 units.
As of the end of 2016, more than 15,000 Microvast battery-powered buses were operating in public transport networks in China, as well as in five countries in Europe. The company also announced plans to expand operations in the US, where it expects to put its first e-buses on the road in 2017.
Microvast has established a US headquarters near Houston, and plans to open a battery pack manufacturing facility in nearby Sugarland.
Microvast offers three lines of battery solutions, with different chemistries and performance characteristics to address different markets. Battery systems can be optimized for ultra-fast charge capability, fully charging in 10-15 minutes; high cycle life, exceeding 20,000 full-depth charge cycles; or thermal performance over a wide range of temperatures.
“We’re pleased to report a record number of vehicles delivered in 2016, as well as passing the one billion mark for kilometers traveled by Microvast-powered buses,” said Hanko Song, VP of Marketing. “Based on that success, we’re moving forward with a major expansion of our US activities, beginning with establishing a manufacturing facility, hiring more staff, and creating partnerships to support that effort.”