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Microvast

Sector: Energy Storage • Location: China

Source: International Finance Corporation (IFC)

Project
Active

Microvast is a growing Chinese research and technology driven company offering advanced power solutions for applications including electric vehicles, electric bikes, and power tools, as well as patented battery components such as membrane, anode, electrolyte and cathode. Microvast currently has three subsidiaries (Microvast Power Systems, Microvast New Materials and OChem Chemicals) which together

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The project “Microvast” is an infrastructure initiative in the Energy Storage sector, located in China. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Description

Description

Microvast is a growing Chinese research and technology driven company offering advanced power solutions for applications including electric vehicles, electric bikes, and power tools, as well as patented battery components such as membrane, anode, electrolyte and cathode. Microvast currently has three subsidiaries (Microvast Power Systems, Microvast New Materials and OChem Chemicals) which together form a vertically integrated advanced power and technology company. IFC proposes to co-invest on the same terms as another international investor up to $30 million in the form of equity and debt to support the Company’s capital expenditures related to expansion, marketing and sales, and the continued R&D of new battery technologies. IFC finance will be used in support of the Company’s operations solely in China.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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