Microvast and Eversum to Jointly Drive Urban Commercial Vehicle Electrification

Microvast Holdings, Inc. (“Microvast”), a leading global provider of next-generation battery technologies for commercial and specialty vehicles, and eVersum, a high-tech vehicle OEM specializing in the design, development and build of the most purposefully engineered electric commercial vehicles for passenger transport, will join forces to develop state-of-the-art battery solutions to electrify the current and future lines of eVersum’s purpose-built, purely “eBorn,” electric vehicles.

Microvast Holdings, Inc.

Image Credit: Microvast Holdings, Inc.

The highly demanded eVersum eShuttle, which is the realization of a 21st century electric vehicle seeking to define its own new category in the electric shuttle bus segment, will be outfitted with a newly developed battery solution. eShuttles are modularly designed and able to comfortably transport from 15 to 50 passengers, for a variety of applications at a competitive cost.

“eVersum selected Microvast as its primary battery partner due to strategic considerations and a desire to work with a manufacturer that offers a high degree of vertical integration,” said Pete Speck, Managing Partner responsible for supplier development at eVersum.

“Such capabilities extend from core battery chemistry to R&D and production, including cathode and anode materials, electrolyte, and membrane separators, proprietary cell manufacturing, application technologies including battery management systems (BMS) and other power electronics. Using a variety of cell chemistries, from NMC to LFP to LTO, gives us maximum flexibility while applying the same physical battery packs with the possibility to connect such packs adaptively in series and/or in parallel to achieve the required voltage and energy levels,” he continued.

eShuttle is expected to be the first among several types of electric buses and special vehicles. Both companies will bring their expertise together to seize momentum as the world shifts toward electrification. The first prototype battery system has been delivered to eVersum and test-bench load simulations are being performed.

The parties have agreed upon terms and are currently finalizing a framework supply agreement to memorialize the commercial relationship for the supply of battery systems estimated to total more than EUR 100 million over six years, including products manufactured at Microvast’s new European facility.

Source: https://microvast.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit
Azthena logo

AZoM.com powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Azthena logo with the word Azthena

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.