Microvast collaborates with FPT Industrial in developing battery power solutions through new gigawatt factory in Ludwigsfelde

US traction battery solution provider Microvast, Inc., has announced the cooperation with FPT Industrial in the development and supply of battery power systems, and has kicked off the setup of its EMEA Central Production Plant in Ludwigsfelde, Germany.

Microvast has signed a Memorandum of Understanding with FPT Industrial, which foresees both industrial and commercial cooperation to supply FPT Industrial with battery modules and enable the Brand to design and assemble battery packs in-house, at its facility in Turin, Italy, to be offered on CNH Industrial vehicles and to third-party customers.

Furthermore, as part of this cooperation, Microvast and FPT Industrial will start a joint new e-platform to develop and industrialize complete electrified powertrain systems, customized and sized for specific missions, with the aim of guaranteeing the most efficient performance both for on-road and off-road applications.

source:microvast.com...