On Nov.19, 2019, during a press conference at the Mayor House of the city Ludwigsfelde near Berlin in Germany, the US traction battery solution provider Microvast, Inc., has announced the cooperation with FPT Industrial (the global brand of CNH Industrial specialized in powertrains for on and off-road, marine and power generation applications) in the development and supply of battery power systems, and has kicked off the setup of its EMEA Central Production Plant in Ludwigsfelde.
Microvast has signed a Memorandum of Understanding with FPT Industrial, which foresees both industrial and commercial cooperation to supply FPT Industrial with battery modules and enable the Brand to design and assemble battery packs in-house, at its facility in Turin, Italy, to be offered on CNH Industrial vehicles and to third-party customers.
Furthermore, as part of this cooperation, Microvast and FPT Industrial will start a joint new e-platform to develop and industrialize complete electrified powertrain systems, customized and sized for specific missions, with the aim of guaranteeing the most efficient performance both for on-road and off-road applications.
“It is a major step of Microvast to expand our global presence and join forces with our partners towards a sustainable future.” said Yang Wu, Founder and CEO of Microvast, Inc.
Microvast GmbH will start the construction of a plot covering a total space of 36,000 m2in Ludwigsfelde. The location can accommodate up to 250 employees, which will serve as the central production and R&D plant for the EMEA market. The plot construction will commence in April 2020 and is planned to be completed by December 2020. The EMEA Central Plant can deliver a total volume of 1.5 GWh battery modules and systems at the initial stage and will achieve up to 6 GWh in the next years.
“Microvast is recognized as a hidden champion for its extensive know-how and vertical integrated capability in the design and manufacturing of ultra-fast charging traction battery systems for electric vehicles,” said Mr. Sascha Kelterborn, Senior Vice President of Microvast, Inc. and Managing Director Microvast GmbH, “We will continue to reinforce our foothold in the EMEA market through collaborations. With the setup of the cutting-edge gigawatt factory in Ludwigsfelde, Microvast will be able to fulfill the fast-growing demand of EMEA customers starting from the end of 2020”.
Press Conference in Mayor House at Ludwigsfelde, Germany
(starting from the third guest on the left side:
Prof. Dr.-Ing. Joerg Steinbach, Minister for Economic Affairs and Energy of the state Brandenburg Sascha Kelterborn, Senior Vice President Microvast, Inc.
Andreas Igel, Mayor of Ludwigsfelde)
Microvast New Gigawatt Factory in Ludwigsfelde (Image Picture)
Microvast, Inc. Founded in 2006, Microvast, Inc. is a rapid growing market leader in design, development and manufacturing of ultra-fast charging, long life traction battery systems with superior safety features for electric vehicles. Microvast is renowned for its cutting-edge cell technology and the vertical integration capability which extends from core battery chemistry (cathode, anode, electrolyte, membrane separator) to application technologies (battery management systems) and other power control electronics. By integrating the process from raw material to system assembly, Microvast is able to provide customized solutions with reduced project development time and at controllable costs. Up till now, Microvast has supplied over 30,000 traction battery systems worldwide in more than 160 cities. Microvast GmbH is the EMEA headquarter of Microvast, Inc. More information can be found on the corporate website: www.microvast.com
FPT Industrial is a brand of CNH Industrial, dedicated to the design, production and sale of powertrains for on and off-road vehicles, marine and power generation applications. The company employs more than 8,000 people worldwide, in ten manufacturing plants and seven R&D Centres. The FPT Industrial sales network consists of 73 dealers and more than 800 service centres in almost 100 countries. A wide product offering, including six engine ranges from 42 hp up to 1,006 hp, transmissions with maximum torque of 200 Nm up to 500 Nm, front and rear axles from 2 to 32-ton GAW (Gross Axle Weight). FPT Industrial offers the most complete Natural Gas engines line-up on the market for industrial applications, including engine ranges from 136 hp up to 460 hp. This extensive offer and a close focus on R&D activities make FPT Industrial a world leader in industrial powertrains. For further information, visit www.fptindustrial.com.
CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com