Microvast Announces Energy Division Expansion In Colorado
Portfolio Pulse from Benzinga Newsdesk
Microvast, a lithium-ion battery solutions manufacturer, has announced the expansion of its Colorado energy division to a new facility in Windsor, Colorado. The new manufacturing plant will provide nearly 100,000 square feet of production space, with room to add production lines for its Energy Storage Systems (ESS) product. The facility is expected to be operational in 2023 and will play a significant role in delivering ESS to the fast-growing, utility-scale energy storage market. The expansion is expected to boost the local economy and create more jobs.
July 11, 2023 | 2:17 pm
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Microvast's expansion of its Colorado energy division with a new manufacturing facility is expected to boost its production capacity and strengthen its position in the energy storage market. This could potentially lead to increased revenues and growth for the company.
The expansion of Microvast's energy division with a new manufacturing facility in Colorado is directly related to the company's core business of manufacturing lithium-ion battery solutions. This expansion will increase the company's production capacity, which could lead to increased sales and revenues. Additionally, the new facility will strengthen the company's position in the fast-growing energy storage market, which could lead to future growth opportunities.
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