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
JAKARTA, Indonesia, Oct. 16, 2024 /PRNewswire/ -- President Joko Widodo officially opened the 39th Trade Expo Indonesia (TEI), organized by Debindo at the Indonesia Convention Exhibition (ICE), Bumi Serpong Damai (BSD), Tangerang Regency, Banten on Wednesday (9/10). The largest international trade show in Indonesia with the theme "Build Strong Connection with the Best of Indonesia" will take place on October 9-12, 2024.
"We must be able to take advantage of this momentum to encourage higher export growth, to improve the quality and competitiveness of our products, and to reach a wider market," the President said.
Meanwhile, in his report, Trade Minister Zulkifli Hasan revealed that the 39th TEI was responded with very high enthusiasm from foreign buyers. This year, the number of foreign buyers who committed to attend was recorded at 6,647, jumping up to 124.4 percent from the number of buyers in 2023 which was recorded at 2,961. The number of buyers in 2024 was dominated by non-traditional markets with a percentage of 60.57 percent while buyers from traditional markets amounted to 39.43 percent.
"We express our appreciation and gratitude for the full cooperation and support from the Ministry of Foreign Affairs, Indonesian Representatives in partner countries, the Indonesian Chamber of Commerce and Industry, and chambers of commerce of friendly countries that have made maximum efforts in attracting foreign buyers," said Trade Minister Zulkifli Hasan.
Trade Minister Zulkifli Hasan revealed, in 2014 or 10 years ago, the first TEI of President Jokowi's administration resulted in a transaction of USD 1.42 billion. While in 2023, TEI was able to record total transactions reaching USD 30.5 billion.
"In 10 TEI events, including two online events due to the pandemic, TEI was able to achieve significant progress in its contribution to economic growth towards an advanced Indonesia," said Trade Minister Zulkifli Hasan.
Minister Zulkifli Hasan hopes that this year's TEI can contribute more to increasing exports. "It is also expected that the achievements of this year's TEI can exceed last year's organization and achieve the targeted trade transaction of USD 15 billion," he added.
TEI 2024 is divided into three zones namely Food, Beverage and Agriculture; Manufacture; and Home Living, Fashion, and Services. Especially this year, the Ministry of Trade also collaborates with the Ministry of Religious Affairs to present a Halal Pavilion that presents Indonesia's best halal ecosystem.
As a form of appreciation and motivation for exporters, TEI again awarded the Primaniyarta Award to the best exporters and regional heads who continue to increase the value of exports. In addition, TEI awarded the Primaduta Award to buyers who are loyal partners of Indonesian exports and heads of foreign representatives in encouraging the increase in Indonesia's non-oil and gas exports.
Also attending the opening of the 39th TEI were Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, Minister of Investment Rosan Roeslani, Chairman of the House of Regional Representatives (DPD) RI Sultan B. Najamudin, Chairman of Kadin Anindya Bakrie, Chairman of the Indonesian Young Entrepreneurs Association (HIPMI) Akbar Buchari, Acting Governor of Banten Al Muktabar, Vice Chairman of DPD RI, Former Ministers of Trade, Indonesian Ambassadors in friendly countries, and Ambassadors of Friendly Countries in Indonesia. Also accompanying Minister of Trade Zulkifli Hasan were Deputy Minister of Trade Jerry Sambuaga and Echelon I within the Ministry of Trade.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
President Joko Widodo Opens 39th TEI, Momentum to Boost Exports and Improve Product Competitiveness
