Microvast selected for $200M DOE grant for polyaramid separator plant

Microvast Holdings, Inc.

Microvast's proposal chosen for $200M grant from DOE Battery Materials Processing initiative.
Grant funds construction of a thermally stable polyaramid separator manufacturing plant.
White House announcement expected October 19, 2022, with President Biden.
Grant aims to strengthen domestic battery supply chain and U.S. manufacturing.
Microvast publicly disclosed the selection via social media on October 19, 2022.

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