At a Feb. 1 investor presentation, the corporate introduced it had signed a purchase order settlement to construct a facility right here. In accordance with the presentation, Microvast expects to start battery manufacturing in Clarksville in 2022.
The precise location of the plant has not been introduced. Nonetheless, at their Thursday assembly, the Clarksville-Montgomery County Industrial Development Board (IDB) mentioned two tasks involving property within the Industrial Park.
Whereas the dimensions of the plant, and the variety of staff, just isn’t but identified, it should use roughly 2 gigawatt hours of energy.
Microvast is a world firm specializing in rapid-charging, EV (electrical car) batteries for industrial and specialty autos.
Based in 2006, Microvast has headquarters in Houston, Texas; Zhejiang, China; Franklinstaße, Germany; and Kent, United Kingdom.
At their February presentation, Microvast additionally confirmed a merger with Tuscan Holdings, a publicly traded particular objective acquisition firm (SPAC). On account of this deal, Microvast will change into a publicly listed firm. The brand new mixed firm is anticipated to be named Microvast Holdings Inc. (MVST).
When requested by Clarksville Now in regards to the buy, IDB Board Government Director Frank Tate was unable to remark.
Clarksville is presently dwelling to a different battery plant: Hankook AtlasBX. Nonetheless, EV battery manufacturing is mostly thought-about safer, and carries fewer environmental issues, than conventional batteries like these produced by AtlasBX.