Microvast’s latest generation battery product with fast charge technology was launched on May 15, 2015. The product launch event had an impressive range of attendees – from national and foreign head executives in the new energy automotive market to top field experts.
“The fundamental purpose behind the invention of transportation vehicles is to fulfill the human desire for mobility. For an electric vehicle, failure to fast charge will result in the utter failure of this core desire.” As explained by Mr. Wu Yang, the CEO of Microvast, Inc., “Such a situation will inevitably restrict the development of the electric vehicles.”
In fact, fast charging has always been one of the main goals and key features of Microvast’s Li-ion battery technology. The product newly launched this time, has a fast charging capability of 10-15 min (4C), eliminating the time differences in refueling between full electric passenger vehicles, taxis, and traditional gasoline vehicles. Furthermore, when compared to other electric vehicles, which currently require 30min-1hr of charging, the new product has a dramatically more efficient charging time, thus fulfilling the customer requirement of fast charging and becoming the technology truly capable of meeting the human desire for mobility.
Aside from its fast charging feature, the new product, when deployed on a fully electric passenger vehicle or taxi, is able to cover a mileage of 300 Km, which is recognized in the current industry as a mileage range suitable for most application needs. Additionally, it is designed to have a lifespan comparable with traditional gasoline-based vehicles, meaning it’s not only capable of covering a mileage of 300 Km, but can also accumulate 600,000 Km in total, resulting in a lifespan equal to that of a gasoline vehicle.
In terms of the industry’s concern and prioritization of the safety of battery packs, the new product is developed under a patented Smart Thermal Liquid (STL) technology, which can suppress thermal runway, cooling and balancing cells more efficiently. Meanwhile, STL simplifies the system complexity and weight, thus greatly reducing the safety risk during vehicle accidents.
The modularly designed pack can be mass-produced to lower the cost. Furthermore a single module is designed to be able to work independently, which can ensure the normal operation of the vehicle even when failure happens to other modules, greatly improving the reliability of vehicle operation.
The newly launch product’s features of fast charging, long operation mileage and long lifespan make it entirely able to fulfill the different operational requirements of full electric taxis, full electric passenger vehicles, as well as full electric buses.
In fact, it is not newfound technology. Its core of fast recharging batteries has long been in the public transportation sector since 2011. As of the end of 2014, Microvast’s fast charging batteries have been successfully operated on over 3,000 buses in (London) UK, (Munster) Germany, Belgium, Beijing, Suzhou, Chongqing, and Ningbo, accumulating a mileage of more than 120,000,000 Km without any accident and with the battery performance dropping no more than 5%. In 2015, there will be 3,000 more buses in operation.