USABC Awards $4.5 Million Contract to Microvast for Development of Low-cost/fast-charge Batteries for Electric Vehicle Applications

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The United States Advanced Battery Consortium LLC (USABC), a subsidiary of the United States Council for Automotive Research LLC (USCAR), and a collaborative organization of FCA US LLC, Ford Motor Company and General Motors, has announced the award of a $4.5 million contract to Microvast Inc. in Stafford, Texas to lead a program to develop low-cost/fast-charge batteries for electric vehicle applications.

Awarded in January, 2020, Microvast will lead a 36-month project that will develop a safe, low-cost automotive lithium-ion battery cell capable of being charged in 15-minutes. “Microvast’s research and development team looks forward to advancing our strong technology portfolio to address motorist’s desire to rapidly charge their batteries,” said Dr. Wenjuan Mattis, Chief Technology Officer of Microvast. “As a vertically integrated technology company, our team can optimize each battery component based on our cell modeling tools to achieve new milestones.”

USABC is a subsidiary of the United States Council for Automotive Research LLC (USCAR). Enabled by a cooperative agreement with the U.S. Department of Energy (DOE), USABC’s mission is to develop electrochemical energy storage technologies that support commercialization of hybrid, plug-in hybrid, electric and fuel cell vehicles. In support of its mission, USABC has developed mid- and long-term goals to guide its projects and measure its progress.

“The technology development contract award with Microvast is part of USABC’s broad battery technology research and development program,” said Steve Zimmer, executive director of USCAR. “Programs like this are critical to advancing the technology needed to meet both near- and long-term goals that will enable broader scale vehicle electrification.”

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