Microvast and Iveco Group Cement Longstanding Partnership, Announce Next-Generation Battery Technology
STAFFORD, Texas, March 19, 2026 (GLOBE NEWSWIRE) — Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast”, the “Company” or “we”) and Iveco Group N.V. (MIL: IVG) (“Iveco Group”) today reaffirm and expand their long-standing partnership, which has been advancing electric battery solutions across Europe. Since 2017, the collaboration has been delivering on the promise of sustainable transportation. Together, the companies have delivered cutting-edge battery technologies that power sustainable transportation and support the transition toward electrified fleets.
The collaboration began with the IVECO eDaily project, where Microvast supplied battery systems based on VDA modules and 52Ah cells. This platform remains in production today, and it established the foundation for a strong and enduring cooperation.
In 2023, the partnership reached a significant milestone with the introduction of the Microvast MV-I Gen 1 battery pack, assembled at the FPT ePowertrain plant in Turin and integrated into the IVECO BUS vehicle platform.
Building on this success, the companies transitioned to the MV-I Gen 2 battery pack, also assembled in Europe. Gen 2 now powers the full IVECO BUS vehicle platform and the IVECO S-eWay Rigid heavy duty truck platform. Gen 2 remains in production and will continue to support fleet operators with enhanced performance, scalability, and reliability.
Looking ahead, Microvast will continue supporting Iveco Group with the development of new battery generations for improved performance and efficiency in the European commercial vehicle market.
Alessandro Bernardini, Head of Zero Emission Propulsion & Energy, Iveco Group, said:
Through this partnership, Iveco Group and Microvast continue to reaffirm reliable, innovative, and sustainable energy solutions,
“Together, we are driving the transformation toward a zero-emission transportation future.”
Yang Wu, CEO of Microvast, added:
Our collaboration with Iveco Group demonstrates the power of long-term partnerships in accelerating sustainable e-mobility and is a blueprint for how Microvast scales,
“We are proud to advance technologies that set new standards in performance and reliability. As we bring our Huzhou 3.2 capacity online, we are uniquely positioned to support Iveco Group in ambitious zero-emission targets with high-performance, European-assembled solutions that drive real-world achievement for electrified fleet operators.”
This enduring partnership underscores both companies shared commitment to innovation, sustainability, and operational excellence in supporting Europe’s clean e-mobility transition.
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Microvast and Iveco Group Cement Longstanding Partnership, Announce Next-Generation Battery Technology, source
