Microvast’s Clarksville, TN Battery Manufacturing Plant Powering Through Final Construction Phases
04 Mayo 2023 - 3:10PM
Business Wire
Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the
“Company”), a technology innovator that designs, develops, and
manufactures lithium-ion battery solutions, is in the homestretch
of renovations and hiring for its newest manufacturing plant
located in Clarksville, TN.
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Construction is in final stages at
Microvast’s Clarksville, TN battery manufacturing plant. (Photo:
Business Wire)
“The construction at the Clarksville facility is progressing as
planned and we expect to begin production in Q4 2023,” stated Shane
Smith, Microvast’s Chief Operating Officer. “From major building
renovations to the hiring of veterans and other high-caliber local
talent, the Clarksville facility is poised to play a significant
role in delivering battery manufacturing to the U.S. while also
adding a boost to the local economy here in Montgomery County.”
Smith continued, “Inside Microvast’s manufacturing plant,
drastic changes are taking place as we quickly transition from
construction to installation of the battery manufacturing
equipment. There is still a lot to do, but we remain on track.”
The Clarksville facility focuses on the manufacturing of
Microvast’s high-performance 53.5-Ah battery cells and modules used
in commercial vehicles and energy storage systems. The renovated
plant, expanded from 577,000 to 687,000 sq. ft., is expected to
support every stage of the production process, from cell
manufacturing through pack assembly. The renovation also includes
multiple environmental tests, the creation of environmentally
controlled, contaminant-free “dry rooms,” and a brand-new quality
lab with state-of-the-art testing equipment to help ensure quality
and safety.
Helicopter Drops Planned as Part of Final Construction
Phase
Local Clarksville citizens can expect to see some additional
activity on May 6, as several helicopter drops will be used to
place new HVAC equipment on the roof of the facility located at 780
International Boulevard. Microvast does not anticipate any
disruption to local business or thoroughfares.
Microvast Hiring Accelerates in Advance of Opening
Along with the renovation progress, Microvast has also ramped up
hiring ahead of its anticipated Q4 2023 production start, taking
part in several successful recruiting events as it seeks to fill
numerous positions. With such close proximity to Fort Campbell, the
Company has been particularly focused on adding the talents and
skills of local veterans and their spouses to the Microvast team.
Potential positions include quality technicians, quality engineers,
operations supervisors, and more.
“Microvast is a proud employer of many American veterans,
including myself, and we look to continue that tradition at our
Clarksville facility,” said Smith. “We’re excited to be located so
closely to Fort Campbell and look forward to employing veterans and
their spouses as they transition out of the military for years to
come.”
To see available jobs at Microvast, visit
linkedin.com/company/Microvast/jobs.
About Microvast
Microvast is a technology innovator that designs, develops, and
manufactures lithium-ion battery solutions. Microvast is renowned
for its cutting-edge cell technology and its vertical integration
capabilities which extend from core battery chemistry (cathode,
anode, electrolyte, and separator) to modules and packs. By
integrating the process from raw material to system assembly,
Microvast has developed a family of products covering a breadth of
market applications, including electric vehicles, energy storage,
and battery components. Microvast was founded in 2006 and is
headquartered in Stafford, Texas.
For more information, please visit www.microvast.com or follow
us on LinkedIn or Twitter (@microvast).
Cautionary Statement Regarding Forward-Looking
Statements
This communication contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements include, but are not limited to, statements
about future financial and operating results, our plans,
objectives, expectations and intentions with respect to future
operations, products and services; and other statements identified
by words such as “will likely result,” “are expected to,” “will
continue,” “is anticipated,” “estimated,” “believe,” “intend,”
“plan,” “projection,” “outlook,” or words of similar meaning. These
forward-looking statements include, but are not limited to,
statements regarding Microvast’s industry and market sizes, future
opportunities for Microvast and the combined company, and
Microvast’s estimated future results. Such forward-looking
statements are based upon the current beliefs and expectations of
our management and are inherently subject to significant business,
economic, and competitive uncertainties and contingencies, many of
which are difficult to predict and generally beyond our control.
Actual results and the timing of events may differ materially from
the results anticipated in these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230504005982/en/
Brooke Bentley Vice President, Marketing & Communications
brooke.bentley@microvast.com (970) 773-5806
Microvast (NASDAQ:MVST)
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