STAFFORD, Texas and HANNOVER, Germany, Sept. 19, 2024 /PRNewswire/ -- Microvast Holdings, Inc. (NASDAQ: MVST) ("Microvast", the "Company", "we" or "our"), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, is advancing the adoption of electric commercial vehicles by launching its latest high-performance battery solutions at IAA Transportation 2024. The new lineup includes the introduction of silicon-based HnSO Cells, Lithium Titanate Oxide (LTO) Cells, and the third-generation MV-I Pack, offering an unprecedented combination of energy density, safety, and sustainability.
Microvast's advanced battery solutions are designed to meet the rigorous energy demands of commercial transportation, enabling manufacturers to accelerate their shift to cleaner, more efficient electric powertrains.
Technological highlights and new products at IAA Transportation 2024:
Additionally, Microvast introduces our fifth generation Battery Management System (BMS 5.0). BMS 5.0 is engineered for maximum functional safety, adhering to ISO 26262 ASIL-C standards and ISO/SAE 21434:2021 cybersecurity standards. This system ensures the highest levels of safety and security for electric vehicle operations.
Microvast's latest comprehensive solutions for electric commercial vehicles contain an array of cell, module, and pack solutions, providing a one-stop solution for electric commercial vehicle applications with various operational profiles. With vertical integration from raw materials to turn-key solutions, Microvast offers scalable and versatile products tailored to meet the specific needs of different commercial operations.
"Our new battery technology marks a significant advancement for electric commercial vehicles, boasting increased energy density. The rapid charging capabilities facilitate enhanced mobility, while the cycle life is reliably extended. We're driving the future of electric mobility with solutions that improve efficiency and reduce emissions," said Dr. Wenjuan Mattis, CTO of Microvast.
Faster innovation, tailored customization, and exceptional quality: the future of e-mobility
Microvast's vertically integrated model allows for complete control over all phases of development, from R&D to manufacturing. This unique model allows for faster innovation, tailored customization, and exceptional quality, providing commercial vehicle manufacturers with complete, scalable solutions that meet their specific operational needs.
Reduced carbon emissions as a commitment to sustainability
Microvast's mission is rooted in sustainability. The company is dedicated to advancing battery technology to accelerate the adoption of electric vehicles, reduce carbon emissions, and contribute to a greener planet. With over 17 years of manufacturing expertise, more than 30,000 installed battery systems worldwide, and a global presence in over 34 countries, Microvast acts as a trusted partner in the global transition to sustainable transportation.
For more information, please visit www.microvast.com
E-mail: apac@microvast.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Microvast Powers the Next Generation of Electric Commercial Vehicles with Groundbreaking Battery Technology at IAA Transportation 2024
Microvast Powers the Next Generation of Electric Commercial Vehicles with Groundbreaking Battery Technology at IAA Transportation 2024
Microvast Powers the Next Generation of Electric Commercial Vehicles with Groundbreaking Battery Technology at IAA Transportation 2024
DUBAI, UAE, Oct. 9, 2024 /PRNewswire/ -- Expo City Dubai, the destination that hosted the 2020 World Expo and UN Climate Change Conference COP28, has unveiled its new master plan, offering unrivalled opportunities for businesses, investors and residents from around the world, accelerating sustainable growth and enhancing Dubai's position as a global hub.
The plans offer investors significant opportunities in key growth sectors such as trade and logistics, technology and innovation and events, as well as the chance to lease office space and own residential property in the up-and-coming Dubai South area that links Dubai to the UAE capital Abu Dhabi.
Adjacent to Al Maktoum International – set to be the largest airport in the world when fully operational – and part of the logistics corridor that connects to Jebel Ali Port, Expo City is the new centre of Dubai's future, cementing the city's position as a hub for international trade and gateway to the world.
Ahmed Al Khatib, Chief Development and Delivery Officer at Expo City Dubai, said: "The new master plan signals a defining milestone for Expo City Dubai. We are witnessing our city take its place as the new, vibrant centre of Dubai, a destination that welcomes all those who believe in our mission to create a better future for people and planet. The plan establishes Expo City Dubai as an epicentre for pioneers, entrepreneurs and investors, a magnet for innovators, educators and students, and a vibrant, nurturing community for residents and visitors. A new global centre, it leverages our strengths as a proven global convener, committed to collaborating to maximise our social, environmental and economic impact to contribute to shared growth and prosperity."
Spanning 3.5 sqkm, the bold plans include new global headquarters for DP World – a leading enabler of international trade and one of the UAE's flagship organisations – and feature the world-class Dubai Exhibition Centre (DEC), a powerhouse of Dubai's economic growth, as one of the key entry points to the city. DEC recently announced a AED 10 billion (USD 2.72 billion) expansion plan that will see it become the largest purpose-built indoor events and exhibitions venue in the region.
The city will maintain the fabric and spirit of the spectacular built environment that hosted Expo 2020 Dubai, while setting new benchmarks in sustainable urban excellence. Key performance indicators relating to areas such as biodiversity, economic growth, energy use and wellness demonstrate the balance between human needs, environmental stewardship and societal advancement, while also maintaining the city's net zero by 2050 targets.
Across five districts designed as an efficient grid system, the city will feature residences, offices, green spaces and event venues, as well as daily amenities including healthcare facilities, a school, sports and wellness facilities, retail and F&B, connected by a smart transportation system. Plots will be available for investors and developers, as well as office spaces to lease, with Expo City set to become home to around 35,000 residents and 40,000 professionals.
Several global businesses and industry leaders have already established operations at Expo City's world-class free zone, including DP World, Emirates Group, Siemens Energy and Terminus.
The master plan was unveiled by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai and plays a critical role in achieving the Dubai Economic Agenda (D33), which aims to double the size of the emirate's economy by 2033. Expo City Dubai is also one of five hubs on the Dubai 2040 Urban Master Plan, which maps out sustainable urban development in Dubai, focusing on developing vibrant, healthy, and inclusive communities and doubling green space and leisure areas.
About Expo City Dubai
Expo City Dubai, the legacy city of Expo 2020 Dubai, is an innovation-driven, people-centric community rooted in the belief that collaboration can propel sustainable progress. Its prime location and world-class connectivity place it at the centre of Dubai's future – the lynchpin between Dubai Exhibition Centre, Al Maktoum International Airport and Jebel Ali Port and a key driver of Dubai's Economic Agenda (D33)
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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Expo City Dubai unveils new master plan, placing it at the centre of Dubai's future growth
