Microvast Holdings, Inc., a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, and REE Automotive, Ltd., an automotive technology company and provider of electric vehicle platforms and EVs, have signed a supply and purchase agreement.
Under the terms of the agreement, Microvast, through its wholly-owned subsidiary Microvast Gmbh, will offer MV-C Gen 4 HpCO high-energy lithium-ion battery packs, which will contribute as energy storage systems for “Powered by REE” EV platforms. Customers will benefit from this partnership by combining REE’s zero-emission commercial vehicles with Microvast’s battery technology that offers high energy density, high power performance, long cycle life, and fast charging capabilities (a full charge in 30 minutes).
With its vertical integration capabilities, Microvast is expected to provide proprietary battery technology and exceptional cell chemistry to fulfil REE’s power, density, charging time, and cycle life requirements. Microvast batteries’ outstanding safety characteristics sync with REE’s goal of offering best-in-class safety for its EV platforms.
The REE P7 platform will be powered by Microvast’s MV-C Gen 4. The REE P7 is suitable for applications such as commercial trucks, school buses, walk-in vans and delivery trucks.
Published in the March 2023 Edition
