USABC grants USD4.5 million to Microvast for development of advanced EV battery technology

Corporate developments

The program will develop a safe, low-cost, automotive lithium-ion pouch cell capable of achieving a 15-minute fast charge

United States Advanced Battery Consortium LLC (USABC) has awarded USD4.5 million to Microvast for developing low-cost, fast-charging EV batteries, USABC announced in a press release on 17 March.

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