USABC AWARDS $4.5 MILLION CONTRACT TO MICROVAST FOR DEVELOPMENT OF LOW-COST/FAST-CHARGE BATTERIES FOR ELECTRIC VEHICLE APPLICATIONS
SOUTHFIELD, Mich., March 17, 2020 – The United States Advanced Battery Consortium LLC (USABC), a subsidiary of the United States Council for Automotive Research LLC (USCAR), and a collaborative organization of FCA US LLC, Ford Motor Company and General Motors, today announced the award of a $4.5 million contract to Microvast Inc. in Stafford, Texas to…