Microvast Presentations & Investor Relations material

Founded in 2006 as a research and technology driven company, Microvast, Inc., has evolved into a global leader in battery storage solutions for mobile and stationary applications. Microvast currently provides three different lines of fast-charging lithium-ion battery solutions, with different chemistries, performance characteristics and price points. Its main line of business is developing and implementing safe, long-life, fast-charging lithium-ion battery systems for electric and hybrid-electric municipal bus fleets. As of the end of 2016, Microvast's ultra-fast charging batteries have been operating in more than 15,000 all-electric and hybrid-electric buses in public transport networks in China, as well as in five countries in Europe. Collectively, Microvast electric buses have traveled over one billion kilometers without failures or safety issues. In addition to electric bus applications, Microvast has also expanded its business to serve other markets, such as electrified trucks, mining processes, and grid-scale energy storage.