Record number of electric buses for Microvast in 2016
Microvast, a leading player in battery storage solutions, reports that it delivered more than 7,500 all-electric and hybrid-electric buses in 2016 worldwide – a new record for the company. It also announced plans to expand operations in the USA where it expects to put its first e-buses on the road in 2017.
As of the end of 2016, more than 15,000 Microvast battery-powered buses were operating in public transport networks in China, as well as in five countries in Europe. Collectively, Microvast electric buses have travelled over one billion km.
The company has developed and manufactured fast-charging lithium-ion battery systems for more than 10 years. Its electric and hybrid bus business was launched in 2010, mainly focusing on Europe and China.
Based on experience with battery systems in those markets, the company is now advancing its activities in the USA. This includes an emphasis on the e-bus sector, while also pursuing opportunities in truck electrification, mining processes, grid-scale energy storage, and other markets.
“We’re very pleased to report a record number of vehicles delivered in 2016, as well as passing the one billion mark for km travelled by Microvast-powered buses,” says Hanko Song, Microvast vice president of marketing.
“Based on that success, we’re moving forward with a major expansion of our US activities, beginning with establishing a manufacturing facility, hiring more staff, and creating partnerships to support that effort.”
In the USA, Microvast sees a big opportunity to electrify public transport and has established a headquarters near Houston that will include additional engineering, service and production personnel. And nearby in Sugar Land, Texas, Microvast will open a new battery pack manufacturing facility, designed to comply with the FTA’s Buy America program.
Microvast currently provides three lines of fast-charging lithium-ion battery solutions, with different chemistries and performance characteristics. These characteristics include ultra-fast charge capability – full charging in 10-15 minutes; high cycle life – exceeding 20,000 full-depth charge cycles; thermal performance – able to operate in a wide range of temperatures; and high energy density.
Established in 2006, Microvast is headquartered in Zhejiang, China, with offices in the US, UK and Germany.