REE Automotive names microvast as EV battery pack supplier
Microvast Holdings and REE Automotive have announce today the signing of a supply and purchase agreement. Under the terms of the agreement, Microvast, through its wholly-owned subsidiary Microvast Gmbh, will offer MV-C Gen 4HpCO high-energy lithium-ion battery packs which will contribute as energy storage system for “Powered by REE” EV platforms. REE’s zero-emission commercial vehicles with Microvast’s battery technology charging capabilities of a full charge in 30min.
With its vertical integration capabilities, Microvast is expected to provide proprietary battery technology and exceptional cell chemistry to fulfil REE’s power, density, charging time, and cycle life requirements.
“Microvast’s MV-C Gen 4 battery pack is a great fit for REE,” explained Sascha Kelterborn, Chief Revenue Officer of Microvast Holdings, Inc. “It’s specifically designed to address the requirements of commercial vehicle fleets.” The newly developed MV-C Gen 4 battery pack contains Microvast’s high-energy HpCO 53.5Ah pouch cells, delivering approximately 27% more energy and power when compared to Microvast‘s previous battery generation. It also features improved thermal management and safety controls, fulfilling the upcoming safety standards regarding thermal runaway. The gen 4 battery packs are expected to be certified to meet cross-regional battery standards such as ECE R100.3, GB 38031, and UL2580.
“As we remain laser-focused on bringing to market commercial vehicles powered by REE’s P7 platform, we are pleased to offer a turn-key solution with the flexible, high-tech, and industry-leading performance capabilities of Microvast’s battery systems,” said Daniel Barel, Co-Founder and CEO of REE. “Through this collaboration, customers such as fleet owners and delivery and logistics companies will benefit from REE’s commercial EVs, which are expected to be tailored to their needs with long-lasting, fast-charging batteries.”
REE’s REEcorner technology incorporates vehicle drive components including steering, braking, suspension, powertrain, and control into a compact module between the chassis and the wheel, allowing the industry’s flattest EV platform with seamless integration to any AD system, claims Microvast.
The REE P7 platform will be powered by Microvast’s MV-C Gen 4. The REE P7 is suitable for applications such as commercial trucks, school buses, walk-in vans, and delivery box trucks. REE’s scalable and modular architecture allows any platform size from class 1-6. Microvast offers modularity with its battery systems and can fulfill the requirements of all of REE’s EV platform sizes.
“We are excited to partner with REE, a trailblazing automotive company,” stated Kelterborn. “REE shares the same attitude and goals as Microvast—to revolutionize the future of transportation. Another binding element between our companies is the high safety goals we each set for our products.”