Microvast Joins Consortium Led by Shell to Drive Decarbonisation of Mining Industry
Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced its participation in a mining industry electrification consortium led by Shell.
- Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced its participation in a mining industry electrification consortium led by Shell.
- Shell, together with the consortium members, wants to offer an end-to end, interoperable and modular solution for the mining industry, including power provisioning and microgrids, ultra-fast charging and in-vehicle energy storage.
- Within the consortium, Microvast has been tasked with delivering a custom high-powered battery solution with ultrafast charging capabilities.
- We are proud to partner with Shell and the consortium, working together to accelerate industrial decarbonisation efforts, said Sascha Kelterborn, President and Chief Revenue Officer at Microvast.