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Microvast Purchases New R&D Center, Hiring in Orlando, Florida
STAFFORD, Texas--(BUSINESS WIRE)-- Microvast Holdings, Inc. (NASDAQ:MVST) (“Microvast”), a technology innovator that designs, develops and manufactures
About this update from Microvast Holdings, Inc.
[{"type":"text","content":" STAFFORD, Texas--(BUSINESS WIRE)--\nMicrovast Holdings, Inc. (NASDAQ:MVST) (“Microvast”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced that it has purchased a new research, development and innovation center in Lake Mary, Florida, which is part of the Orlando metropolitan area. The new facility will reinforce Microvast’s position as a leading innovator of battery technologies.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211101005967/en/(Photo: Business Wire)\n“We are excited to expand our presence in the Orlando area, which is a hub for innovation with exceptional STEM talent from multiple nearby universities,” said Dr. Wenjuan Mattis, Chief Technology Officer. “We have already begun recruiting and investing in engineers and PhDs for this new facility, which will complement our existing R&D presence of more than 500 professionals in Huzhou, China.”\n\n“Our goals and objectives are centered around thinking forward, powering now and the new R&D center is an important milestone in that journey,” said Yang Wu, President and Chief Executive Officer. “This investment will support our long-term growth objectives by ensuring that our technologies remain on the forefront, pushing the boundaries of non-flammable material technologies, fast charging cells and battery lifetimes for many years to come.”\n\nThe $11 million existing facility is approximately 75,000 square feet on 8 acres and currently consists of office space and a warehouse. The location will become Microvast’s innovation headquarters and will include a world-class laboratory for battery prototyping. Existing employees in the Orlando area will begin working in the facility immediately and Microvast expects to hire an additional 100 industry experts to work in various areas of battery technology research and development over the next 5 years.\n\nOpen positions for the new Orlando location as well as other roles within Microvast can be found at https://microvast.com/careers/.\n\nAbout Microvast\n\nMicrovast is a technology innovator that designs, develops and manufactures lithium-ion battery solutions. Microvast is renowned for its cutting-edge cell technology and its vertical integration capabilities which extend from core battery chemistry (cathod...