Hopkinsville, Kentucky — According to state and local development sources, Microvast Advanced Membrane plans to invest $504,000,000.00 to build out 350,000 square feet of new space in Hopkinsville. The company plans to occupy the new space in Hopkinsville, on or about March 1, 2025. According to the company website Founded in Houston, Texas in 2006 as a research and technology driven company, Microvast Holdings, Inc. (Nasdaq: MVST) has evolved into a global leader in the design, development and manufacture of battery solutions for mobile and stationary applications. Microvast provides a broad portfolio of fast-charging lithium-ion battery solutions, with different chemistries, performance characteristics and price points to meet the diverse requirements of its customer base. 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. Since placing its first battery systems into operation in electric buses more than a decade ago, Microvast has expanded its business to serve a broad range of commercial, passenger and specialty vehicles, including mining, material handling, and power vehicles and equipment, as well as grid-scale energy storage applications.

To learn more about Microvast Advanced Membrane, visit http://microvast.com/

Company Contact:
Yang Wu, Chief Executive Officer
yang.wu@microvast.com
https://www.linkedin.com/in/yangwu2/
281-491-9505

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