Microvast Powers the Next Generation of Electric Commercial Vehicles with Groundbreaking Battery Technology at IAA Transportation 2024

STAFFORD, Texas and HANNOVER, Germany, Sept. 19, 2024 /PRNewswire/ -- Microvast Holdings, Inc. (NASDAQ: MVST) ("Microvast", the "Company", "we" or "our"), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, is advancing the adoption of electric commercial vehicles by launching its latest high-performance battery solutions at IAA Transportation 2024. The new lineup includes the introduction of silicon-based HnSO Cells, Lithium Titanate Oxide (LTO) Cells, and the third-generation MV-I Pack, offering an unprecedented combination of energy density, safety, and sustainability.

Microvast's advanced battery solutions are designed to meet the rigorous energy demands of commercial transportation, enabling manufacturers to accelerate their shift to cleaner, more efficient electric powertrains.

Technological highlights and new products at IAA Transportation 2024:

Additionally, Microvast introduces our fifth generation Battery Management System (BMS 5.0). BMS 5.0 is engineered for maximum functional safety, adhering to ISO 26262 ASIL-C standards and ISO/SAE 21434:2021 cybersecurity standards. This system ensures the highest levels of safety and security for electric vehicle operations.

Microvast's latest comprehensive solutions for electric commercial vehicles contain an array of cell, module, and pack solutions, providing a one-stop solution for electric commercial vehicle applications with various operational profiles. With vertical integration from raw materials to turn-key solutions, Microvast offers scalable and versatile products tailored to meet the specific needs of different commercial operations.

"Our new battery technology marks a significant advancement for electric commercial vehicles, boasting increased energy density. The rapid charging capabilities facilitate enhanced mobility, while the cycle life is reliably extended. We're driving the future of electric mobility with solutions that improve efficiency and reduce emissions," said Dr. Wenjuan Mattis, CTO of Microvast.

Faster innovation, tailored customization, and exceptional quality: the future of e-mobility

Microvast's vertically integrated model allows for complete control over all phases of development, from R&D to manufacturing. This unique model allows for faster innovation, tailored customization, and exceptional quality, providing commercial vehicle manufacturers with complete, scalable solutions that meet their specific operational needs.

Reduced carbon emissions as a commitment to sustainability

Microvast's mission is rooted in sustainability. The company is dedicated to advancing battery technology to accelerate the adoption of electric vehicles, reduce carbon emissions, and contribute to a greener planet. With over 17 years of manufacturing expertise, more than 30,000 installed battery systems worldwide, and a global presence in over 34 countries, Microvast acts as a trusted partner in the global transition to sustainable transportation.

For more information, please visit www.microvast.com 

E-mail: apac@microvast.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Microvast Powers the Next Generation of Electric Commercial Vehicles with Groundbreaking Battery Technology at IAA Transportation 2024

Microvast Powers the Next Generation of Electric Commercial Vehicles with Groundbreaking Battery Technology at IAA Transportation 2024

Microvast Powers the Next Generation of Electric Commercial Vehicles with Groundbreaking Battery Technology at IAA Transportation 2024

HONG KONG, Sept. 19, 2024 /PRNewswire/ -- RedBox Storage, a leader in innovative self-storage solutions, proudly announces the grand opening of its latest facility in Sai Wan, Hong Kong. This new location is designed to enhance customer experience with modern technology and robust safety features.

Conveniently located on the 17/F of the Hong Kong Industrial Building on Des Voeux Road West, Sai Wan, just a 5-minute walk from the Hong Kong University Station, the self-storage facility adds 16,000 square feet to our portfolio, bringing the total to over 300,000 GFA. The Sai Wan facility offers 300 versatile storage options, ranging from compact locker sizes to spacious 75 sqft units.

Multi-faceted Safety and Fire Protection

The facility employs a strategic compartmentation approach to enhance fire safety and security. Fire-rated separations and strategic unit configurations ensure that storage areas are both safe and well-organized, providing peace of mind for our customers.

Modern Storage Needs

The Sai Wan facility is the first in Hong Kong to incorporate a cloud-based access control system, introduces the Davinci Lock system, debuting in Asia, along with AI cameras. These features ensure seamless access management, providing unmatched convenience and efficiency for customers. Customers can move in independently with self-service options.

Commitment to Excellence

"Our new Sai Wan facility represents our dedication to delivering an outstanding self-storage experience," said Michael Cocozzo, CEO of RedBox Storage Hong Kong. "Sai Wan is a vibrant community—close to Hong Kong University and the CBD, and home to students, young families and expats. We're excited to bring our self-storage services here. RedBox owns and operates all our facilities, reinforcing our commitment to reliability and quality. By prioritizing customer needs, we offer more than just space; we provide a simple, secure, accessible, and convenient part of our customers' lives."

Grand Opening Promotion

To celebrate the opening, RedBox Storage Sai Wan is offering a special promotion: enjoy 50% off on self-storage units until October 31, 2024. Additionally, customers who switch to RedBox Storage from their existing self-storage provider will receive an extra HK$300 supermarket voucher. For more information or to book a unit, please visit our website or contact our team today.

About RedBox Storage

RedBox Storage has established itself as a premier storage provider, known for its reliability and personalized services. With ownership and operation of – six modern facilities across Hong Kong, RedBox ensures convenient access for customers, boasting a combined space that spans over 300,000 GFA. The company takes pride in its unwavering dedication to security and the pursuit of innovative service solutions designed to meet individual client requirements, emphasizing customer peace of mind.

Since its inception in 2015, RedBox Storage has rapidly become a leading name in the Hong Kong storage industry. Its consistent record of growth led to a landmark acquisition by global investment giant Brookfield Asset Management in 2022, highlighting the company's successful expansion and enduring commitment to excellence.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

RedBox Storage Unveils State-of-the-Art Facility in Sai Wan, Hong Kong