STAFFORD, Texas, June 24, 2024--Microvast Holdings, Inc. (NASDAQ: MVST) ("Microvast" or the "Company"), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, is pleased to announce a strategic partnership with Evoy, a Norwegian company specializing in high-output electric motor systems for boats. The collaboration with Evoy is Microvast’s debut in the electric boat segment and marks an expansion of Evoy’s battery options for diverse market applications.
STAFFORD, Texas, June 04, 2024--Microvast Holdings, Inc. (NASDAQ: MVST) ("Microvast" or the "Company"), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, has completed the initial $12 million draw of a $25 million secured debt facility provided by Yang Wu, its Founder, Chairman and Chief Executive Officer (the "Facility"). The draw will primarily provide working capital to continue the Company’s U.S. operations.
During the event of Future Mobility Asia 2024 (FMA) and Future Energy Asia 2024 (FEA) held in Bangkok from May 15 to 17, Microvast will highlight a wide range of the fast-charging chemistries and energy storage solutions which fully demonstrate the latest exploration and achievements in li-ion battery material R&D.