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Jul 30, 2021
[1 min Read]
Listen up. This is a x5 play. 60% Short volume too!!!
Microvast - Leader in the fast charging batteries. Full charge in 20minutes !
New interview w/ Microvast COO Shane Smith
Some key quotes:
The primary reason that we even went to the public markets was to raise enough capital to support the orders we already have in place. We won more business then we have capacity for"
-Solid State Battery -Lithium Metal battery -High Temperature Cells (Sports Car Application)
Vertically integrated & proprietary - $1.5B contracted revenue thru 2027 - $100M+ revenue 2020 / $2.3B 2025E revenue - 550+ patents - 3.8B+ miles with ZERO operational accidents - 28K+ battery systems in operation in 19 countries & 160 cities
1800+ total employees (500+ R&D personnel) - Full Range of Energy Densities: 85 - 265 Wh / Kg - Long cycle lives: 2,500+ - 20,000+ - Best-in-Class Charging Performance: 10-30 mins - Products for all classes of commercial vehicles, passenger vehicles & energy storage solutions.
Product specs vs. closest competitor
Range per charge: 370 miles vs. 300 miles Speed of charge: 12 mins for 70% vs. 30 mins for 60% Lifespan: 3000 cycles vs. 1000 cycles Lifetime Throughput Mileage: 1M miles vs. 270K miles
Microvast's batteries are now integrated in ~30K vehicles, running in 160 cities, 19 countries, for a total of over 3.8 billion miles traveled on its batteries to date w/ 0 accidents.
On the Board of Directors at Microvast is Dr. M. Stanley Whittingham, who was recently awarded the Nobel Prize in Chemistry for his ground-breaking work on lithium-ion batteries.
Will Support OshkoshDefense in future progress which includes the USPS Contract
Microvast's marquee customer partnerships w/ industry leaders, including Gaussin, FPT Industrial, Oshkosh and a "leading German luxury sports car company", this is due to be announced shortly as well as R&D partnerships w/ BMW & Ford
Could the luxury OEM partner be Mercedes? 1 year ago Mercedes-Benz's decided to build the new generation of the eSprinter electric van in Ludwigsfelde which coincidentally is the same proximity of Microvast.
Microvast is light years ahead of $QS QuantumScapeCo in every aspect.
If you want a piece of the EV Battery sector, this is it.
These batteries are also FIRE PROOF