Founded in 2006, Microvast is a fast-growing market leader in design, development and manufacturing of ultra-fast charging, long-life battery power systems with superior safety for electric vehicles. Specifically designed to address the critical constraints currently facing electric vehicle development, our electric vehicle battery system solution paves the way for mass adoption of electric vehicles.
June 2016, Microvast received two 2016 FT/IFC Transformational Business Awards, becoming the only Chinese company to win those prestigious awards.
As of March 2016, the total number of vehicles in commercial operation with Microvast battery systems reached 10,000 units worldwide, and accumulated over 620,000,000 kilometers traveled with zero operation accidents.
In May 2015, Microvast launched MVPack technology. As a part of Microvast's Clean City Transit strategy, MVPack provides a competitive solution for electric taxi and electric passenger vehicle operation.
In May 2014, Microvast won NBfL hybrid electric bus battery system ordered with more than 800 units.
In November 2014, a fleet of full electric buses with Microvast Ultra-Fast Charging technology started its operation for the APEC China 2014 Summit.
In October 2013, Microvast launched its Gen II Ultra-Fast Charging battery technology, LpCO™, with higher energy density than Gen I, while still maintaining high cycle life.
In March 2011, the very first Ultra-Fast Charging full electric bus fleet in China started commercial operation in Chongqing.
In July 2011, IFC, a member of the world bank group, along with Ashmore, both invested in Microvast.
Microvast Gen I Ultra-Fast Charging battery, LpTO™, was launched.
In December 2006, Microvast was founded.