Microvast

Microvast Holdings, Inc., based in Stafford, Texas, is a global leader in lithium-ion battery technology since 2006. Specializing in high-performance solutions like All-Solid-State Batteries, Microvast serves transportation and utility-scale energy storage markets across 34 countries. Their vertically integrated approach ensures rapid-charging and long-lasting energy systems.

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Microvast Holdings, Inc. is a global innovator in lithium-ion battery technology, dedicated to advancing clean energy solutions. Founded in 2006 and headquartered in Stafford, Texas, the company has established itself as a major force in battery development and manufacturing. With installations spanning 34 countries and over 31,000 battery systems deployed, Microvast demonstrates extensive experience in creating reliable energy storage solutions. The company’s vertically integrated approach encompasses everything from core battery chemistry to complete system integration, enabling full control over research, development, and manufacturing processes.

Battery Technology

Microvast specializes in developing high-performance lithium-ion battery solutions with various chemistries, including lithium titanate oxide (LTO), lithium iron phosphate (LFP), and nickel manganese cobalt oxide (NMC-1 and NMC-2). Their latest innovation is the True All-Solid-State Battery (ASSB) technology, which eliminates liquid electrolytes to enhance safety and energy density. This advanced system features bipolar stacking architecture, allowing for higher voltage levels in single battery cells.

The company’s product portfolio spans multiple applications, from transportation to utility-scale energy storage. Their batteries are engineered for rapid charging capabilities, long cycle life, and optimal performance across various temperature ranges. Microvast’s manufacturing processes incorporate strict quality controls and environmental considerations, resulting in products that meet international safety standards while supporting sustainability goals.

Recent Projects

In January 2025, Microvast announced a significant advancement in ASSB technology, which led to a 34% increase in stock value during premarket trading. The new battery design offers customizable configurations particularly suitable for data center backup systems and electric school buses. Their ME-4300-UL ESS Container, launched for utility-scale projects, began manufacturing in 2023, marking their entry into large-scale energy storage solutions.

Investors

Microvast became publicly traded through a merger with Tuscan Holdings Corp. in 2021, raising $822 million in gross proceeds. The company’s investor base includes strategic partners such as Oshkosh Corporation, along with institutional investors like BlackRock and Koch Strategic Platforms. Yang Wu, the founder and CEO, maintains the largest ownership stake at approximately 26.24%, while Vanguard holds about 5.78% of shares.