STAFFORD, Texas, March 19, 2026 (GLOBE NEWSWIRE) — Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast”, the “Company” or “we”) and Iveco Workforce N.V. (MIL: IVG) (“Iveco Group”) nowadays reaffirm and make bigger their long-standing partnership, which has been advancing electrical battery answers throughout Europe. Since 2017, the collaboration has been handing over at the promise of sustainable transportation. In combination, the corporations have delivered state of the art battery applied sciences that energy sustainable transportation and fortify the transition towards electrified fleets.
The collaboration started with the IVECO eDaily mission, the place Microvast provided battery techniques in accordance with VDA modules and 52Ah cells. This platform stays in manufacturing nowadays, and it established the root for a powerful and enduring cooperation.
In 2023, the partnership reached a vital milestone with the creation of the Microvast MV-I Gen 1 battery pack, assembled on the FPT ePowertrain plant in Turin and built-in into the IVECO BUS automobile platform.
Development in this good fortune, the corporations transitioned to the MV-I Gen 2 battery pack, additionally assembled in Europe. Gen 2 now powers the total IVECO BUS automobile platform and the IVECO S-eWay Inflexible heavy responsibility truck platform. Gen 2 stays in manufacturing and can proceed to fortify fleet operators with enhanced efficiency, scalability, and reliability.
Taking a look forward, Microvast will proceed supporting Iveco Workforce with the improvement of recent battery generations for progressed efficiency and potency within the Ecu industrial automobile marketplace.
“Through this partnership, Iveco Group and Microvast continue to reaffirm reliable, innovative, and sustainable energy solutions,” mentioned Alessandro Bernardini, Head of 0 Emission Propulsion & Power, Iveco Workforce. “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 corporations shared dedication to innovation, sustainability, and operational excellence in supporting Europe’s blank e-mobility transition.
About Microvast
Microvast is a world chief in offering battery applied sciences for electrical automobiles and effort garage answers. With a legacy of over 19 years, Microvast has constantly delivered state of the art battery techniques that empower a cleaner and extra sustainable long run. The Corporate’s cutting edge way and determination to excellence have located it as a depended on spouse for patrons world wide. Based in 2006 in Stafford, Texas, Microvast holds greater than 890 patents and patent packages that permit answers for nowadays’s electrification wishes.
Cautionary Observation Referring to Ahead-Taking a look Statements
This conversation incorporates “forward-looking statements” inside the that means of the Non-public Securities Litigation Reform Act of 1995. Such statements come with, however don’t seem to be restricted to, statements about long run monetary and working effects; our plans, goals, expectancies and intentions with appreciate to long run operations, services and products, together with statements with appreciate to product specs described herein; and different statements known via phrases corresponding to “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook,” or phrases of equivalent that means. Those forward-looking statements come with, however don’t seem to be restricted to, statements relating to Microvast’s business and marketplace sizes, long run alternatives for Microvast, and Microvast’s estimated long run effects. Such forward-looking statements are based totally upon the present ideals and expectancies of our control and are inherently topic to important industry, financial, and aggressive uncertainties, and contingencies, lots of that are tricky to expect and typically past our keep watch over. Precise effects and the timing of occasions would possibly vary materially from the consequences expected in those forward-looking statements.
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