Where are Microvast batteries made?

That’s also where the company manufactures its battery cells and packs, which are designed specifically for commercial vehicles such as trucks, vans, buses, trains, and more. ( Nearly 80% of the company’s assets are located in China.) Microvast claims its battery packs already power about 30,000 vehicles in nearly 20 countries.

Where is Microvast based?

After a three-month construction period, battery manufacturer Microvast celebrated the topping-out ceremony of its new European headquarters and the production building for Li-ion battery systems in Ludwigsfelde.

Will Microvast assemble a battery system in China?

At the Battery Systems plant, Microvast intends to assemble cells produced by its Chinese sister company Microvast Power Systems in China. Initially, the production capacity is to be 1.5 GWh per year, later Ludwigsfelde is to be expanded to up to 6 GWh. Then up to 250 jobs will be created.

Is Microvast a good EV battery stock to buy?

Considering the dearth of even semi-viable pure-play EV battery stocks, Microvast could be an interesting stock to watch if it can successfully expand beyond commercial EV batteries and tap into a U.S. EV market that should be up to speed before the end of the decade.

Is Microvast coming to Berlin?

Following Tesla’s announced plans for a production plant in Germany, the US battery system manufacturer Microvast will also be settling just outside of Berlin.

What makes Microvast a great battery company?

Forward Thinking. Microvast produces innovative and reliable lithium-ion batteries with advanced technologies. With nearly two decades of experience in battery development, we’re accelerating the adoption of clean energy with the installation of more than 31,000 battery systems in 34 countries.