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Microvast’s Clarksville, TN Battery Manufacturing Plant Powering Through Final Construction Phases
STAFFORD, Texas--(BUSINESS WIRE)-- Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops, and
About this update from Microvast Holdings, Inc.
[{"type":"text","content":" STAFFORD, Texas--(BUSINESS WIRE)--\nMicrovast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, is in the homestretch of renovations and hiring for its newest manufacturing plant located in Clarksville, TN.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230504005982/en/Construction is in final stages at Microvast’s Clarksville, TN battery manufacturing plant. (Photo: Business Wire)\n“The construction at the Clarksville facility is progressing as planned and we expect to begin production in Q4 2023,” stated Shane Smith, Microvast’s Chief Operating Officer. “From major building renovations to the hiring of veterans and other high-caliber local talent, the Clarksville facility is poised to play a significant role in delivering battery manufacturing to the U.S. while also adding a boost to the local economy here in Montgomery County.”\n\n\nSmith continued, “Inside Microvast’s manufacturing plant, drastic changes are taking place as we quickly transition from construction to installation of the battery manufacturing equipment. There is still a lot to do, but we remain on track.”\n\n\nThe Clarksville facility focuses on the manufacturing of Microvast’s high-performance 53.5-Ah battery cells and modules used in commercial vehicles and energy storage systems. The renovated plant, expanded from 577,000 to 687,000 sq. ft., is expected to support every stage of the production process, from cell manufacturing through pack assembly. The renovation also includes multiple environmental tests, the creation of environmentally controlled, contaminant-free “dry rooms,” and a brand-new quality lab with state-of-the-art testing equipment to help ensure quality and safety.\n\n\nHelicopter Drops Planned as Part of Final Construction Phase\n\n\nLocal Clarksville citizens can expect to see some additional activity on May 6, as several helicopter drops will be used to place new HVAC equipment on the roof of the facility located at 780 International Boulevard. Microvast does not anticipate any disruption to local business or thoroughfares.\n\n\nMicrovast Hiring Accelerates in Advance of Opening\n\n\nAlong with the renovation progress, Microvast has also ramped up hiring ahead of its an...