Microvast and GM selected for $200M DOE grant to build U.S. separator plant

Microvast Holdings, Inc.

Microvast subsidiary selected by U.S. DOE for $200M grant under Bipartisan Infrastructure Law.
Collaboration with General Motors to develop polyaramid separator technology for EV batteries.
Grant plus over $300M from companies to construct a U.S. separator manufacturing facility.
Microvast's separator withstands >300°C, improving safety; to supply its Clarksville, TN cell plant.
Project expected to create hundreds of jobs and strengthen domestic battery supply chain.

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