Microvast Holdings Sets New Standards in Stationary Energy Storage

Microvast Holdings, based in Texas, develops and produces lithium-ion battery systems that are primarily used in electric commercial vehicles and stationary energy storage. The company pursues a vertically integrated approach – from cell chemistry to system integration. Production facilities in the USA, China, and Germany underscore its international ambition. With the new ME6 battery solution, Microvast recently presented a 6 MWh storage unit that is said to be particularly durable and maintenance-friendly. Revenue rose to nearly $380 million...