Microvast and eVersum to develop state-of-the-art battery solutions to electrify EV’s.
Microvast Holdings, Inc. (“Microvast”), a leading global provider of next-generation battery technologies for commercial and specialty vehicles (Nasdaq: MVST), and eVersum, a high-tech vehicle OEM, specialized in the design, development and build of the most purposely engineered electric commercial vehicles for passenger transport,
will join forces to develop state-of-the-art battery solutions to electrify the current and future line of purpose-built, purely “eBorn”, electric vehicles of eVersum.
The highly demanded eVersum eShuttle, the consequent realization of a 21st century electric vehicle and destined to define its own new category in the electric shuttle bus segment, will be outfitted with a newly developed battery solution. eShuttles are modularly designed and able to comfortably transport from 15 to 50 passengers, for a variety of applications and all at the right cost.
Pete Speck, Managing Partner at eVersum and responsible for supplier development.
eVersum selected Microvast as its primary battery partner mainly due to the strategic consideration and desire to directly work with a manufacturer that offers a high degree of vertical integration.
“Such capabilities extend from core battery chemistry R&D and production, including cathode and anode materials, electrolyte, and membrane separators; over proprietary cell manufacturing, all the way to application technologies including battery management systems (BMS) and other power electronics.”
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“This gives us maximum flexibility for the future, by using a variety of cell chemistries, from NMC over LFP to LTO, while applying the same physical battery packs with the possibility to connect such packs adaptively in series and/or in parallel to achieve the required voltage and energy levels,” states Pete Speck further.
eShuttle is set to be the first among several types of electric buses and special vehicle where both companies will bring the expertise together to seize momentum. The first prototype battery system has been delivered to eVersum and test-bench load simulations are being performed.
In the long run, the serial products for eVersum will be manufactured in Microvast European factory. A potential supply of over 100 million € battery systems is projected in the next 6 years. A framework supply agreement is under review and is expected to be signed in the near-term.
Highlights:
- Top-notch battery solutions for eVersum next-gen electric commercial vehicle
- Potential supply volume forecast of over 100 million €
Microvast and eVersum to Jointly Drive Urban Commercial Vehicle Electrification, Houston, TX, United States & GRAZ, Austria July 29, 2021
