Business
Microvast and Handling Solutions Provider Kalmar Extend Partnership Through 2026
HOUSTON--(BUSINESS WIRE)-- Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery
About this update from Microvast Holdings, Inc.
[{"type":"text","content":" HOUSTON--(BUSINESS WIRE)--\nMicrovast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced the extension of its supply and purchase agreement with Kalmar.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221107005278/en/Kalmar Reachstacker powered by Microvast batteries. Source: Kalmar\nKalmar, part of Cargotec, offers a wide range of cargo handling solutions and services to ports, terminals, distribution centers and to heavy industry across the globe. Kalmar is the industry leader in terminal automation and energy efficient container handling, with one in four container movements around the globe being handled by a Kalmar solution.\n\nKalmar and Microvast have extended their supply and purchase agreement through 2026. “2021 marked a considerable milestone for Kalmar as its entire portfolio became available in electrically powered versions. As our strategic battery partner, Microvast’s battery technologies have been successfully integrated into four of our platforms to date. We value this strategic relationship, which gives us a performance edge and supports our position as a leader in our industry. Microvast’s European production footprint and strong focus on sustainability also align with our longstanding corporate goals,” says Alf-Gunnar Karlgren, VP Counter Balanced at Kalmar.\n\n“We are proud to support Kalmar on their electrification journey. With our new Gen 4 MV-B and MV-C packs, offering approximately 20% more energy and power compared to the Gen 3 packs, we are positioned to continue delivering better performance and improved TCO in Kalmar’s future product lineup. With our technology roadmap and deep understanding of Kalmar’s business, we look forward to many more years of close cooperation,” says Sascha Kelterborn, President and CRO of Microvast Holdings, Inc. The MV-B and MV-C Gen 4 packs are powered by Microvast’s new MpCO-48Ah (high power) and HpCO-53.5Ah (high energy) cells. Microvast has been the first battery company conducting TÜV Süd’s sustainability assessment program.\n\nAbout Microvast\n\nFounded in Houston, Texas in 2006 as a research and technology driven company, Microvast has evolved into a global leader in the design, development and manufacture of batter...