STAFFORD, Texas, March 19, 2026 (GLOBE NEWSWIRE) — Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast”, the “Company” or “we”) and Iveco Group N.V. (MIL: IVG) (“Iveco Group”) right now reaffirm and increase their long-standing partnership, which has been advancing electrical battery options throughout Europe. Since 2017, the collaboration has been delivering on the promise of sustainable transportation. Collectively, the businesses have delivered cutting-edge battery applied sciences that energy sustainable transportation and assist the transition towards electrified fleets.
The collaboration started with the IVECO eDaily undertaking, the place Microvast equipped battery programs based mostly on VDA modules and 52Ah cells. This platform stays in manufacturing right now, and it established the inspiration for a robust and enduring cooperation.
In 2023, the partnership reached a major milestone with the introduction of the Microvast MV-I Gen 1 battery pack, assembled on the FPT ePowertrain plant in Turin and built-in into the IVECO BUS car platform.
Constructing on this success, the businesses transitioned to the MV-I Gen 2 battery pack, additionally assembled in Europe. Gen 2 now powers the complete IVECO BUS car platform and the IVECO S-eWay Inflexible heavy obligation truck platform. Gen 2 stays in manufacturing and can proceed to assist fleet operators with enhanced efficiency, scalability, and reliability.
Trying forward, Microvast will proceed supporting Iveco Group with the event of recent battery generations for improved efficiency and effectivity within the European industrial car market.
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“Through this partnership, Iveco Group and Microvast continue to reaffirm reliable, innovative, and sustainable energy solutions,” stated Alessandro Bernardini, Head of Zero Emission Propulsion & Power, Iveco Group. “Together, we are driving the transformation toward a zero-emission transportation future.”
“Our collaboration with Iveco Group demonstrates the power of long-term partnerships in accelerating sustainable e-mobility and is a blueprint for how Microvast scales,” added Yang Wu, CEO of Microvast. “We are proud to advance technologies that set new standards in performance and reliability. As we bring our Huzhou 3.2 capacity online, we are uniquely positioned to support Iveco Group in ambitious zero-emission targets with high-performance, European-assembled solutions that drive real-world achievement for electrified fleet operators.”
This enduring partnership underscores each firms shared dedication to innovation, sustainability, and operational excellence in supporting Europe’s clear e-mobility transition.
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About Microvast
Microvast is a worldwide chief in offering battery applied sciences for electrical automobiles and vitality storage options. With a legacy of over 19 years, Microvast has persistently delivered cutting-edge battery programs that empower a cleaner and extra sustainable future. The Firm’s modern method and dedication to excellence have positioned it as a trusted accomplice for purchasers around the globe. Based in 2006 in Stafford, Texas, Microvast holds greater than 890 patents and patent purposes that allow options for right now’s electrification wants.
Cautionary Assertion Relating to Ahead-Trying Statements
This communication incorporates “forward-looking statements” throughout the which means of the Non-public Securities Litigation Reform Act of 1995. Such statements embrace, however will not be restricted to, statements about future monetary and working outcomes; our plans, aims, expectations and intentions with respect to future operations, services and products, together with statements with respect to product specs described herein; and different statements recognized by phrases similar to “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook,” or phrases of comparable which means. These forward-looking statements embrace, however will not be restricted to, statements relating to Microvast’s trade and market sizes, future alternatives for Microvast, and Microvast’s estimated future outcomes. Such forward-looking statements are based mostly upon the present beliefs and expectations of our administration and are inherently topic to important enterprise, financial, and aggressive uncertainties, and contingencies, a lot of that are tough to foretell and usually past our management. Precise outcomes and the timing of occasions might differ materially from the outcomes anticipated in these forward-looking statements.
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