Microvast Holdings, Inc., a technology developer that designs, develops, and manufactures lithium-ion battery solutions, and REE Automotive, Ltd., a producer of electric vehicle platforms and EVs, announced the signing of a supply and purchase contract today.
Microvast, through its entirely subsidiary Microvast Gmbh, will grant MV-C Gen 4 HpCO high-energy lithium-ion battery packs that will serve as an energy storage system for “Powered by REE” EV platforms under the terms of the agreement.
Customers will gain from this collaboration because it combines REE’s zero-emission commercial vehicles with Microvast’s cutting-edge battery technology, which provides:
- High energy density.
- High power performance.
- Long cycle life.
- Fast charging capabilities (full charge in 30 min.).
Microvast’s specialized battery technology
Microvast is anticipated to provide specialized battery technology and outstanding cell chemistry with its vertical integration capabilities to meet REE’s power, density, charging time, and cycle life standards. The exceptional safety characteristics of Microvast batteries align perfectly with REE’s goal of providing the finest safety for its EV platforms.
Microvast’s MV-C Gen 4 battery pack is a great fit for REE,
It’s specifically designed to address the requirements of commercial vehicle fleets
Sascha Kelterborn, Chief Revenue Officer of Microvast Holdings, Inc. stated on Microvast’s specialized technology
Microvast’s high-energy HpCO 53.5Ah pouch cells are used in the newly developed MV-C Gen 4 battery pack, which provides approximately 27% more energy and power than Microvast’s previous battery generation.
It also has enhanced thermal management and safety controls, allowing it to meet the open safety standards for thermal runaways. The Gen 4 battery packs are anticipated to be accredited to ECE R100.3, GB 38031, and UL2580 cross-regional battery standards.
As we remain laser-focused on bringing to market commercial vehicles powered by REE’s P7 platform, we are pleased to offer a turn-key solution with the flexible, high-tech, and industry-leading performance capabilities of Microvast’s battery systems,
Through this collaboration, customers such as fleet owners and delivery and logistics companies will benefit from REE’s commercial EVs, which are expected to be tailored to their needs with long-lasting, fast-charging batteries
Daniel Barel, Co-Founder and CEO of REE stated on their partnership with Microvast
“Through this collaboration, customers such as fleet owners and delivery and logistics companies will benefit from REE’s commercial EVs, which are expected to be tailored to their needs with long-lasting, fast-charging batteries.”
REEcorner Technology
REE’s award-winning REEcorner technology integrates vehicle drive components such as steering, braking, suspension, powertrain, and control into a portable module between the chassis and the wheel, resulting in the industry’s flattest EV platform with easy integration to any AD system.
Microvast’s MV-C Gen 4 will power the REE P7 platform. The REE P7 is appropriate for commercial trucks, school buses, walk-in vans, and delivery box trucks. Because of REE’s scalable and modular architecture makes any platform size from class 1-6 possible. Microvast’s battery systems are consistent in their modularity and can meet the requirements of all of REE’s EV platform sizes.
We are excited to partner with REE, a trailblazing automotive company,
REE shares the same attitude and goals as Microvast—to revolutionize the future of transportation. Another binding element between our companies is the high safety goals we each set for our products
Sascha Kelterborn, Chief Revenue Officer of Microvast Holdings, Inc. stated on their partnership with REE
More about Microvast
Microvast Holdings, Inc. is a green technology innovator designing, developing, and manufacturing lithium-ion battery solutions through its subsidiaries. Microvast, headquartered in Houston, TX, was founded in 2006 and is known for its cutting-edge cell technology and vertical integration capabilities that extend from core battery chemistry (cathode, anode, electrolyte, and separator) to battery packs.
Microvast has developed a family of products that cover a wide range of market applications by incorporating the process from raw material to system assembly.
More about REE
REE Automotive, Ltd. is a company that develops automotive technology that enables businesses to build any size or shape of electric vehicle on their modular platforms. REE-powered vehicles feature the innovative REEcorner, which packs vital vehicle components (steering, braking, suspension, powertrain, and control) into a single compact module placed between the chassis and the wheel, allowing REE to build the industry’s flattest EV platforms with more room for passengers, cargo, and batteries.
REE platforms are created to be proofed, autonomous-capable, and low-cost to reduce time to market for fleets looking to electrify.
