Oshkosh, a maker of specialty trucks and equipment, has announced an investment in Microvast, a provider of battery technologies for commercial and specialty EVs. Oshkosh will make a $25-million private investment in public equity, or PIPE, in Microvast, which announced a merger with Tuscan Holdings on February 1. Oshkosh and Microvast have also entered into… Read more »
Posts Tagged: Microvast
The DOE is awarding $19 million in funding to 12 cost-shared research projects focused on “extreme fast charging,” which is defined as a system with power levels up to 400 kW and typical charging times of 15 minutes or less. Nine of the selected projects focus on advanced anodes, electrolytes, and battery cell designs: UC… Read more »
Microvast Power Systems (MPS) has received $400 million in a funding round led by CITIC Securities. MPS is a vertically integrated battery system manufacturer. Its battery systems are currently powering over 15,000 electric and hybrid public transport vehicles in over 140 cities. MPS plans to launch a next-generation product line this year, and began construction… Read more »
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… Read more »
Microvast is the largest battery company you’ve probably never heard of. That’s because they are their own best customer. Instead of pitching their proprietary lithium–titanate technology to vehicle builders, the company identified a well-suited niche for their batteries and set out to demonstrate a sustainable model. Primarily a research and development focused chemical company, Microvast… Read more »
The electric bus charging station was jointly developed by Microvast and the China State Grid, and is used by a fleet of electric and plug-in hybrid buses.