MICROVAST CLAIMS DELIVERY OF MORE THAN 7,500 ELECTRIC BUS BATTERY PACKS IN 2016
Founded in 2006, Microvast says to be a fast-growing market leader in design, development and manufacturing of ultra-fast charging, long-life battery power systems with superior safety for electric vehicles. Specifically designed to address the critical constraints currently facing electric vehicle development, our electric vehicle battery system solution paves the way for mass adoption of electric vehicles.
Global battery storage solution provider for mobile and stationary applications Microvast announced that it delivered more than 7,500 fully electric and electric-hybrid buses in 2016, which is a new record for the company, whose main market at this moment is China
With more than 15,000 Microvast powered buses operating in public transit networks around the world at the end of last year, this is impressive growth. Looking forward, the company has plans to expand into the US market where the first deliveries are expected to arrive in 2017.
To achieve its aggressive goals for expansion into the US, Microvast has established a US headquarters just outside of Houston, Texas, that will eventually expand to include engineering service and even production teams.
While electric buses have been embraced in China, which is now home to 98% of the world’s operational fully electric buses, western nations have been slow to convert fleets to electric.
While this phenomenon is likely due to the fact that many electric bus companies are Chinese and can be directly funneled to greenfield installations, it’s a bit of a mystery why more western countries haven’t even adopted fully electric buses as part of their 12 year refresh cycle, the standard lifespan for transit buses, say representatives of Microvast.